Message from @Storin

Discord ID: 664819417536004096


2020-01-09 12:52:46 UTC  

retail figures came out yesterday didnt they?

2020-01-09 12:52:52 UTC  

or 2 days ago?

2020-01-09 12:54:06 UTC  

What rates specifically are you on about?

2020-01-09 12:54:08 UTC  

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

2020-01-09 12:54:36 UTC  

oh retail came out this morning...

2020-01-09 12:55:11 UTC  

expected -4.9% but actually came out 1.7%

2020-01-09 12:55:27 UTC  

Oh lol was that growth?

2020-01-09 12:55:41 UTC  

Where are those stats from?

2020-01-09 12:55:41 UTC  

growth in value yeah

2020-01-09 12:56:06 UTC  

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

2020-01-09 12:56:12 UTC  

they come from the british retail consortium

2020-01-09 12:57:51 UTC  

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

2020-01-09 13:00:49 UTC  

next uk inflation figures come out next wednesday

2020-01-09 13:01:54 UTC  

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

2020-01-09 13:02:04 UTC  

Does they include online retail?

2020-01-09 13:03:11 UTC  

its all sales from participating companies

2020-01-09 13:05:12 UTC  

So shops and retail

2020-01-09 13:05:18 UTC  

And online*

2020-01-09 13:05:32 UTC  

yeah, all sales

2020-01-09 13:08:31 UTC  

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

2020-01-09 13:15:00 UTC  

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

2020-01-09 13:29:44 UTC  

There wasn’t strength

2020-01-09 13:29:49 UTC  

There was a little bounce

2020-01-09 13:29:58 UTC  

Which was then destroyed a week later

2020-01-09 13:30:02 UTC  

not really..

2020-01-09 13:30:07 UTC  

When boris went back to chatting about no deal brexit

2020-01-09 13:30:18 UTC  

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

2020-01-09 13:30:18 UTC  

I mean, after the election was only a few weeks

2020-01-09 13:30:29 UTC  

Yea but the election was only a month ago

2020-01-09 13:30:42 UTC  

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

2020-01-09 13:30:58 UTC  

It takes months and months to even accurately assess

2020-01-09 13:31:01 UTC  

and consumer confidence is higher... housing is up

2020-01-09 13:31:04 UTC  

What a quarters growth is

2020-01-09 13:31:10 UTC  

Consumer spending is low

2020-01-09 13:31:22 UTC  

its generally expected to be very good since the election

2020-01-09 13:31:27 UTC  

But it wasn’t

2020-01-09 13:31:32 UTC  

I dont know a single economist that doubts that

2020-01-09 13:31:55 UTC  

So now you trust economists

2020-01-09 13:32:09 UTC  

But not when they all say that brexit is not a good thing for the economy y

2020-01-09 13:32:11 UTC  

😛

2020-01-09 13:32:26 UTC  

I certainly trust them for short term