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17th Oct 2024 18:07UKWeekly Monitor

  • Surprisingly strong retail sales in September suggest consumers are shrugging off Budget uncertainty.
  • Weather and unfavourable seasonals hit September sales, so the trend is better than the headlines.
  • Real wage growth and interest rate cuts will help consumer spending support GDP growth in H2.

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Keywords for: 21 October 2024 UK Monitor

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