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11 matches for " distributive trades survey":
News websites are emblazoned with the headline that retail sales are falling at their fastest rate since the 2008-to-09 recession.
In one line: Don't buy the extremely gloomy message.
In one line: Crying wolf, again.
The Prime Minister's resignation and the stillborn launch of the Withdrawal Agreement Bill last week has forced us to revise our Brexit base case, from a soft E.U. departure on October 31 to continued paralysis.
The failure of the Markit/CIPS services PMI to rebound fully in April, following its fall in March, provides more evidence that the economy is in the midst of an underlying slowdown.
The 1.4% month-to-month rise in retail sales volumes in February is not a game-changer for the economy's growth prospects in Q1. The increase reversed just under half of the 2.9% decline between October and January. The 1.5% fall in retail sales in the three months to February, compared to the previous three months, is the worst result in seven years.
Evidence that mounting concerns about Brexit have caused the economy to slow to a near-halt continued to accumulate last week.
The consensus forecast for retail sales in December has been consistently too upbeat in recent years and we think most analysts are too sanguine yet again.
April's retail sales figures, due Thursday, likely will show that spending recovered from snow-induced weakness in March.
We expect the run of downbeat news on the U.K. economy to be punctuated today by January's retail sales figures.
In one line: Too noisy to warrant concern.
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