FLASH: UK consumer resurgence despite Jun-18 dip
- Retail sales disappointed extraordinarily bullish Consensus expectations by falling 0.5% m-o-m in June but matched my assessment to keep Q2 GDP tracking 0.4%.- Payback merely returns retail sales to their resilient trend with quarterly growth still surging. Other measures are less exuberant but broadly agree sales are strong.
- Warm weather in May will have frontloaded some sales from June, contributing to this dip. It will also have boosted non-retail leisure activities in consumption.
Heteronomics provides UK-centric macro research. A hallmark attention to detail delivers a depth of analysis beyond what the sell side now delivers. Clients can also experience events that privately provide insights on these topics. Have a bespoke request for research or an event? Let us know. Clients can expect assistance with their own requirements to the extent it doesn't impinge upon other clients. Think of it as retaining an expert economist, without the large overhead.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.