Monthly Consumer Update: US, UK and China


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 May include:

  • In the US, gasoline prices jumped by 21.8% year over year in May, while retail sales (ex gasoline) continued to grow strongly.  
  • In the UK, retail sales growth bounced back strongly in May.
  • In China, food-price inflation eased further, and calendar effects contributed to a slowdown in retail sales growth.


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