The moderate increase in August retail sales volumes, after earlier reports showing unimpressive wholesale and manufacturing figures for that month, suggest that the economy might have struggled to grow by 0.1% m/m. Given the stronger start to the last quarter, however, we still think that third-quarter GDP growth was close to 2.0% annualised.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services