, Singapore

US retail sales to grow

Retail sales in the US should show a continuation of the 6% (saar) trend growth established 18 months ago, according to DBS.

DBS Group Research said, “Sales are still not back to precrisis levels but the growth rate is solid and, importantly, shows no slowing on the margin.”

There has been no slowdown in the US in terms of retail sales, added DBS.

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