bearish

UK: Retail Resumes Undiscounted Trend

496 Views16 Dec 2022 19:37
Retail sales disappointed an overly optimistic consensus as levels normalised after the Amazon Prime Early Access sale. The declining trend remains intact as real wages fall and mortgage rates surge.
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Phil Rush
Chief Economist
Heteronomics
United KingdomMulti-AssetMacroeconomicsCross Asset Strategy
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