Heteronomics - FLASH: UK consumers buy into Black Friday

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Heteronomics

Philip Rush

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FLASH: UK consumers buy into Black Friday

- Retail sales beat Consensus expectations with a 1.1% m-o-m rise (1.6% ex-fuel) amid an extended Black Friday sales period. Cyber Monday falls into the December window again, but some negative payback is likely.
- The underlying retail trend remains brisk, despite the latest inflationary impulse stalling real incomes. It will probably only be temporary and higher PPI refunds are also stoking consumption.

14/12/2017 2 EN

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Heteronomics

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.

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Analysts

Philip Rush

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FLASH: UK consumers buy into Black Friday

Riksbank: hopeful for vaccine dividend

BoE: preparing policy like a Scout

Italy: Dragging in Draghi

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