Third quarter retail confidence improves, but from a low base
Despite confidence levels being maintained, consumers are under pressure
20 September 2022 - 15:28
Retail confidence in the third quarter of 2022 has proven surprisingly resilient despite the effect of high inflation and rising interest rates on the disposable income of consumers, a survey has found.
The Bureau of Economic Research (BER) retail survey released on Tuesday shows that though general business conditions are down relative to the same time in 2021, confidence levels remain elevated and continue above the long-term average...
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