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KEY POINTS

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 June include:

  • In the US, gasoline prices jumped by 24.3% year over year in June, while retail sales (ex gasoline) continued to grow solidly.  
  • In the UK, retail sales posted robust growth and inflation eased.
  • In China, calendar effects contributed to a slight strengthening of retail sales growth, although the medium-term trend remains one of a softening of retail growth.

US

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UK

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China

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