The stream of upbeat economic data continued to flow in last month with GDP growth revised up to 0.7 per cent from the previous estimate of 0.6 per cent. This is the 14th consecutive quarter of positive growth since Q1 2013. GDP in volume terms increased by 2.1 per cent on an annual basis, revised down 0.1 percentage points from the previously published estimate. However, these figures seem largely irrelevant given they measure pre-referendum economic activity. So far our estimate of retail sales suggests that consumers’ appetite to spend has held up relatively well. Despite the gloomy predictions of consumers reining in spending in the face of growing Brexit uncertainty, demand has been robust. The first section of our Retail Economic Briefing report outlines some of the most compelling factors likely to curtail spending in the coming months.
UK Retail Economic Analysis Report
Our UK Retail Economic Analysis Report analyses a range of macroeconomic indicators including GDP, consumer spending, inflation, labour market, commodity prices, exchange rates, monetary indicators, credit and lending market data, house prices, mortgage data, retail sales and more.
UK Retail Economic Analysis - September 2016
The UK Retail Economic Analysis report includes:
|Summary and economic overview|
|Prices, costs and margins|
|... and much more|
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