Monthly Consumer Update: US, UK and China – November 2018
Each month, we round up key metrics that reflect consumer demand in the US, the UK and China. In these updates, we focus on direct, leading indicators of the health of the consumer economy: wage growth, price changes and retail sales growth.
Metrics for November include:
- In the US, food price inflation remains low, year-over-year.
- In the UK, earnings growth continued to outpace consumer price growth.
- In China, retail sales grew 8.1% year over year in November, slowing from October’s 8.6% growth and September’s 9.2% growth.