FOR IMMEDIATE RELEASE
MONTREAL, QC, September 1, 2021 (Press Release) – Numera today released the latest update of its Global Retail Sales Tracker, which confirms global goods consumption weakened in mid-2021.
The slowdown primarily reflects a normalization of expenditure patterns in the United States, where households are allocating a greater portion of their disposable income to contact services. This ‘substitution’ effect is still not visible in EMs, where retail spending continued to recover on the back of stronger away-from-home traffic.
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