Housing-related spending surges in March quarter
Duty-free and accommodation sales to tourists fell.
Nevil Gibson
Wed, 22 May 2019
First-quarter retail sales volumes rose 0.7% to the end of March, slightly more than the market expected and enough to quell fears that household spending was drying up.
Lower duty-free sales to tourists were offset by stronger spending tied to housing.
The annual rate slipped to 3.3% from
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Nevil Gibson
Wed, 22 May 2019
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