With just eight days to go until Brexit and uncertainty higher than ever, it is reassuring that households increased their spending on the high street at a decent rate in February. Admittedly, the strength appears to have come at the expense of non-retail spending. And the retail figures in the coming months might not be quite so buoyant. Indeed, the surveys suggest that sales growth won’t defy gravity for much longer. But with inflation benign, employment rising at its fastest pace in three years and earnings growth at a decade-high, consumers look well placed to cope with whatever the Brexit saga brings next.
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 gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services