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16th Nov 2023 20:18UK, Weekly Monitor

  • Retail sales fell for the second straight month in October, though that partly reflected the warmer, wetter weather.
  • But real incomes look set to recover, as pay growth outstrips CPI inflation and cost-of-living grants resume.
  • Some of this extra cash will be saved, but people will be able to spend more too; retail sales will recover in Q4.

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Keywords for: 20 November 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence