Recent Updates
- US: Consumer Sentiment (Jan-prelim), IP & Capacity Utilization (Dec)
- Consumer Sentiment (Jan-prelim)
- US: Industrial Production Detail (Dec)
- Canada: CPI (Dec), Intl Transactions in Securities (Nov)
- Canada Regional: CPI by Province (Dec)
- Germany: Hotel and Restaurant Turnover (Nov), Tax Revenues (Q3)
- Turkey: IIP, International Reserves, Foreign Trade Indexes (Nov)
- Mexico: Manufacturing Employment (Nov)
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- more updates...
Economy in Brief
Delay in Release
of Data for Construction, MSIO, Intl Trade, Wholesale Trade, Monthly Treasury, Retail Sales, Business Sales & Inventories, and Housing Starts Due to Lapse in Federal Government Funding.
U.K. Retail Sales Begin to Lose Momentum
U.K. retail sales fell by a sharp 1% in December...
Philadelphia Fed Manufacturing Index Rebounds; Pricing Pressure Eases
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index increased to 17.0 during January...
U.S. Initial Unemployment Insurance Claims Slip
Initial claims for jobless insurance eased to 213,000 (-2.6% y/y) during the week ended January 12...
Passenger Car Registrations Hold to Low Ground in Europe
Passenger car registrations in Europe fell on a year-over-year comparison for the fourth consecutive months in December...
by Robert Brusca August 16, 2007
In the new third quarter, UK real retail sales excluding autos were up strongly - in July. Real retail sales are rising at a 7% annual rate in the new quarter. Real ex-auto retail sales are ramping up in terms of 3-month and 6-month trends as well. The UK is one country in the EU where consumers seem to have stepped up. In Germany growth has been strong but the consumer has lagged. In France recent stock market events have been worse than in other countries and its business surveys have weakened. The consumer remains the key to the next leg up in growth in Europe and only in the UK do we have evidence that the consumer is ready to comply.
| Nominal | Jul-07 | Jun-07 | May-07 | 3-MO | 6-MO | 12-MO | Yr Ago |
| Retail Total | -0.2% | 0.3% | -0.1% | 0.0% | 6.5% | 3.5% | 3.3% |
| Food Beverages & Tobacco | -0.4% | -0.5% | -0.3% | -4.4% | 0.6% | 0.8% | 5.3% |
| Clothing Footwear | -0.5% | 0.2% | -4.3% | -17.1% | 9.7% | 1.6% | 5.6% |
| Real | |||||||
| Retail ex auto | 0.7% | 0.4% | 0.4% | 6.4% | 8.1% | 4.4% | 4.1% |
