Pantheon Macroeconomics

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16th Dec 2022 16:18U.K., Daily Monitor

  • Retail sales volumes fell by 0.4% month-to-month in November, down to 1.5% below their pre-Covid level.
  • The outlook is grim; we expect sales to drop in December, due to the heavy snowfall and strike action...
  • ...Sales should then fall in lockstep with real disposable incomes in 2023; both look set to drop by 2%.

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real disposable incomes retail sales

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Keywords for: 20 Dec 2022 UK Monitor

real disposable incomes, retail sales, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence