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15 matches for " shopping":
Chief U.K. Economist Samuel Tombs on U.K. employment
Yesterday's final PMI data in the Eurozone were better than we expected.
Last week's final barrage of data showed that EZ headline inflation rose slightly last month, by 0.1 percentage points to 1.5%, driven mainly by increases in the unprocessed food energy components.
The EZ retail sector slowed at the start of Q3, though only slightly.
Yesterday's economic reports in the Eurozone were solid across the board.
The economic data calendar for next week is so congested that we need to preview early September's GDP report, released on Monday.
German retail sales always have to be taken with a pinch of salt, given their monthly volatility and often substantial revisions, but the preliminary Q2 data don't look pretty.
Data released on Friday confirmed that Colombian activity remained strong in Q4.
Yesterday's labour market data showed that growth in households' income has slowed significantly in recent months. Firms are both hiring cautiously and restraining wage increases, due to heightened uncertainty about the economic outlook and rising raw material and non-wage labour costs. Consumers' spending, therefore, will support GDP growth to a far smaller extent this year than last.
Nobody has a monopoly on "the truth".
February's COPOM meeting minutes again signalled that Brazil's central bank will stick with its cautious approach to monetary policy.
On the face of it, recent retail spending surveys have been puzzlingly weak in light of the pick-up in employment growth, still-robust real wage gains and renewed momentum in the housing market. We think those surveys are a genuine signal that retail sales growth is slowing, and expect today's official figures to surprise to the downside. But retail sales account for just one-third of household spending, and, in contrast to the early stages of the economic recovery, consumers now are prioritising spending on services rather than goods.
January's retail sales figures look set to show that growth in consumers' spending remains stuck in low gear.
The Redbook chainstore sales survey today is likely to give the superficial impression that the peak holiday shopping season got off to a robust start last week.
December's retail sales figures, released today, likely will show that the surge in spending in November was driven merely by people undertaking Christmas shopping earlier than in past years, due to Black Friday.
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