Each month, we round up key metrics reflecting consumer demand in the US, the UK and China. We focus on direct, leading indicators of the health of the consumer economy: wage growth, price changes and retail sales growth. 

Metrics for April include:

  • In the US, wage growth and retail sales growth softened slightly, while gas-price inflation strengthened further. 
  • In the UK, retail sales growth was weak due to an earlier Easter. Automotive fuel-price inflation accelerated sharply. 
  • In China, food-price inflation eased significantly, and retail sales growth returned to around 9% year over year.


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