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UK Retail Sales Might Still Be Strong, But Growth is Slowing

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The British Retail Consortium (BRC) is seeing signs of slowing growth, even as July retail sales remain strong. Retail sales covering the four week from July 4-31 rose 6.4 percent, versus an uptick of 3.2 percent in July 2020. The gain is still below both the three-month average growth rate of 14.7 percent and the…

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