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Next week's economics: 16-20 Nov

Next week's numbers should show that retailers are doing well in both the UK and US, and that inflation is still low
Next week's economics: 16-20 Nov

The US economy is recovering from the pandemic, next week’s numbers could show.

Official figures should show that retail sales rose in October to a record high, and are well up on a year ago even excluding online retailing. That means traditional retailing has returned to its – albeit shaky – former health.

Industrial production should also post a small rise. Here, though, the picture is less good. Output is likely to have flatlined since July, at a level some 8 per cent below the pre-pandemic peak.

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