24 July 2023 UK Monitor Hot Weather Boosted Retail Sales in June, but Expect a Rising Trend in H2
20th Jul 2023 18:01U.K., Weekly Monitor
- Warm weather supported June’s 0.7% month-to-month rise in retail sales, but the underlying trend is positive too.
- July’s fall in consumers’ confidence was linked to the rise in mortgage rates, which now is going into reverse.
- Real incomes will rise in Q3 and Q4, as prices increase less quickly than wages; saving will rise gently, not soar.
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