3 June 2024 UK Monitor April was a weak month for consumers, but don't write them off
30th May 2024 19:55UKWeekly Monitor
- The BoE money and credit data suggest higher mortgage rates have taken the steam out of consumption.
- But the consumer credit data are distorted by data issues, and saving was driven by a record ISA flow.
- Business confidence is still rising, so we think the economy will keep growing robustly.
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