United Kingdom – Households continue to spend
Retail sales were marginally down (-0.17%) in August after a strong improvement in July (+1.86%). Therefore the carry over growth for the third quarter at the end of August is…
Philippe Waechter's blog
US, Japan UK, France – What to keep in mind on Tuesday
Five points to keep in mind Minutes of the Federal Reserve The good thing with the minutes of the last meeting of the Monetary Policy Committee of the Federal Reserve…
The good surprise of the week is in the US
The significant upward revision of retail sales in the US in March and April and the strong increase in May forced to revise the profile of American cycle in Q2.…
Is Japan recovering from the VAT rate hike of April the 1st? Clearly it doesn’t
Is Japan recovering from the VAT rate hike of Avril the 1st? Not really when we look at July numbers on retail sales. (see here for a detailed analysis of…
Japan – The negative impact of the higher VAT rate on sales can still be seen in May
The increase of the VAT rate on April the 1st was an important event in Japan but also for the world economy. The success or failure of the Abenomics was…