EPISODE · Sep 3, 2024 · 3 MIN
Will consumer spend continue to rise in the UK? | Morning Markets
from True Potential Morning Markets · host True Potential
Matt Henderson, Portfolio Manager, looks at the contrasting economic backdrops of Europe and the UK where in Europe we see higher interest rates and energy prices impacting the manufacturing sector. UK manufacturing is seeing a different outcome with new orders rising rapidly and output reaching a 2.5 year high which has caused an increase in employment. Similarly UK retail sales had their highest reading in 5 months with a 0.5% rise boosted by the warmer weather.
What this episode covers
Matt Henderson, Portfolio Manager, looks at the contrasting economic backdrops of Europe and the UK where in Europe we see higher interest rates and energy prices impacting the manufacturing sector. UK manufacturing is seeing a different outcome with new orders rising rapidly and output reaching a 2.5 year high which has caused an increase in employment. Similarly UK retail sales had their highest reading in 5 months with a 0.5% rise boosted by the warmer weather.
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Will consumer spend continue to rise in the UK? | Morning Markets
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