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.
Metrics for August include:
- In the US, year-over-year inflation in gasoline prices eased for the first time since March.
- In the UK, retail sales remained solid, with real-term growth of 3.5% year over year.
- In China, retail sales grew by 9.0% year over year as food price inflation jumped.