FLASH: UK retail’s retreat in Oct-18 offset by revisions
- UK retail sales shrunk by 0.4% m-o-m in Oct-18, but the upward revisions to September offset the disappointment. Sales are still back to their brisk trend.- Slowing 3m-o-3m growth contrasts with a reassuring rise in real wages. I still expect real GDP growth to slow temporarily to 0.3% q-o-q in 4Q18.
- Brexit developments remain far more critical, especially in the “endgameâ€.
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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