Retail sales figures for December were no worse than expected, and upward revisions to the data for October and November show that sales actually rose by 0.6% in Q4 as a whole. However, the final PMIs for January show that economic activity remained very weak at the beginning of this year.
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