September's stronger than expected 0.8% m/m gain in retail sales validates the recent strength in employment growth in suggesting that the economy ended the third quarter on a reasonably solid footing. This supports our above-consensus estimate that the economy grew by 0.5% m/m in September, consistent with third-quarter GDP growth of 2.1% 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