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.
- Year-over-year growth in US retail sales strengthened, but a jump in gas-price inflation threatens to squeeze consumers’ wallets.
- UK retail sales growth slowed as consumers pulled back on big-ticket categories in the month preceding Black Friday.
- Chinese retail sales growth softened slightly.