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Retail sales growth in March remains fairly solid, but not strong enough to prevent negative impact on growth
Y-o-y growth in retail sales at constant prices rose from an already high level of 6.7% in February, to 6.8% in March. This outcome was more or less in line with consensus forecasts and somewhat better than our own forecast for an outcome of 5.2%. M-o-m seasonally adjusted growth was fairly strong, at 2.1%, quite creditable bearing in mind that February's fi...Read more
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