Message from @Storin
Discord ID: 664819417536004096
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..
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
So now you trust economists
But not when they all say that brexit is not a good thing for the economy y
😛
I certainly trust them for short term