News

The World In A Week – Interim Update

16th July 2020

We have had a series of data releases this week ranging from inflation, growth, industrial production, unemployment and retail sales.  There was very little new news to be gleaned from the numbers; the consensus range was extremely wide, meaning there were no shocks to report.

The month certainly feels like a dead rubber, as the markets look towards the data releases in August, which will give us the numbers for the whole of the second quarter.  Perhaps this will give us an indication of how effective the loosening in lockdown restrictions has been.  It is expected that retails sales in the US will continue to grow, as the savings acquired in lockdown are treated like a windfall to consumers.

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All the data contained in the communication is believed to be reliable but may be inaccurate or incomplete.  Unless otherwise specified all information is produced as of 16th July 2020.