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United Kingdom: containment weighs on demand but not on the pound

2021-02-19T18:25:43.290Z


Consumption fell in January. The massive vaccination campaign, however, raises hope.


The weekend promises to be studious for Boris Johnson.

The British government is in the process of milling all the statistics of the pandemic, as a minister said.

On Monday, the Prime Minister is eagerly awaited by His Majesty's subjects, even more than a Castex on Thursday.

He must announce whether or not he loosens the vice of the third confinement that the British undergo in a year.

Read also:

The United Kingdom pays the heavy price for the pandemic

The current set of restrictions weighed on the economy at the start of the year.

Consumption in January fell by 8.2% in one month, much more than the figure expected by the consensus of economists (-2.5%).

"

The sharp drop in retail sales in January suggests that the third lockdown hit the economy harder than the second in November,

" comments Thomas Pugh of Capital Economics.

Ready-to-wear and home furnishings are the most depressed sectors with monthly declines of almost 35% and 20% respectively.

Certainly, consumption as a whole

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Source: lefigaro

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