Report
Philip Rush
EUR 117.14 For Business Accounts Only

UK: retail recovery rotated off high streets

- Retail sales roughly recovered their pre-lockdown level in June on a 13.9% m-o-m surge. That was another substantial upside surprise, but it is bolstered by the rotation away from consumption elsewhere rather than reflecting broader health.
- Consumers are spending online and for food in the home. The “eat out to help out” scheme should temporarily unwind some of that in August. Mandatory face masks are likely to discourage spend on the high street, though, hindering GDP’s recovery.
Provider
Heteronomics
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.

Analysts
Philip Rush

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