Howard Archer Retail Quotations

Retail sales picked up more than expected in March, which along with the current strength in the housing market, boosts hopes that the consumer is still alive, if not exactly kicking.

This reinforces our belief that consumer spending will remain subdued for some time to come despite September's pick-up in retail sales.

Pretty healthy retail sales growth in November reinforces belief that consumer spending is picking up to some extent, and reduces the case for a near-term interest rate cut.

December survey evidence showing robust service sector activity, stronger retail sales and firmer house prices has temporarily at least alleviated some concern over the economy's softness and eased pressure on the MPC for an imminent cut in interest rates.

This is a really stunning retreat in retail sales. It reinforces our belief that the Bank of England is too optimistic about consumer spending.