We had a shit year for retail

if people were spending less then inflation would be down and volatile

Why does he want to cut rates? I don't see the need for more rate cuts but I could be wrong.

Any reasoning or is Carney just being Carney?

retail figures came out yesterday didnt they?

or 2 days ago?

What rates specifically are you on about?

Apparently sales struggled and dropped by a miniscule amount, something which hasn't happened in around 25 years.

oh retail came out this morning...

expected -4.9% but actually came out 1.7%

Oh lol was that growth?

Where are those stats from?

growth in value yeah

Well that's understandable. Predictors have been wearing Brexit blinkers for ages.

they come from the british retail consortium

EU unemployement rate just came out too... steady at 7.5%

next uk inflation figures come out next wednesday

next rate decision is still projected to stay at 0.75 on next rate vote day jan 30th

Does they include online retail?

its all sales from participating companies

So shops and retail

And online*

yeah, all sales

really weird move... seems like everyone is a bit puzzled given the strength that came out after the election..

Honestly I spend less day to day now, I just aint interested in spending loads of money

There wasn’t strength

There was a little bounce

Which was then destroyed a week later

not really..

When boris went back to chatting about no deal brexit

services pmi that came out later was still much higher than expected

I mean, after the election was only a few weeks

Yea but the election was only a month ago

So you can’t really say it’s affected the figures that are out yet

It takes months and months to even accurately assess

and consumer confidence is higher... housing is up

What a quarters growth is

Consumer spending is low

its generally expected to be very good since the election

But it wasn’t

I dont know a single economist that doubts that