Monthly Consumer Update: US, UK and China – January 2019

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Key Points

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 — namely, wage growth, price changes and retail sales growth.

In January:

  • US consumers benefitted from strengthening wage growth and lower inflation.
  • UK retail sales growth proved solid.
  • Chinese consumers enjoyed a double boost from a softening of inflation in food prices and deflation in automotive fuel prices.

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.

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