August’s data confirmed that the economy has turned a corner. Industrial output growth was the strongest since spring last year. Investment and exports also gathered pace. It is notable though that, as in 2009, heavy industry and state owned firms are leading the rebound. By contrast, private sector investment remains subdued and real retail sales growth is little changed.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services