The slightly softer-than-expected retail sales data for September won’t be enough to spoil the third quarter, with our estimate of third-quarter GDP growth still 3.6% annualised. But, together with the likely weakness of spending in October amid the government shutdown, it leaves consumption growth on track to slow sharply this quarter.
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