Economic Indicators 

Consumers as forecasters

Chris Dillow

Chris Dillow
Consumers as forecasters

One feature of the past 12 months, and a big reason why GDP growth was stronger last year than economists expected, was the strength of consumer spending. Next week’s numbers might confirm this. Official figures on Friday are expected to show that retail sales bounced back in January after a weather-induced fall in December, and that sales volumes are up by around3 per cent on a year ago.

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