Money Minute Friday 13 September: pubs, wages and retail data

Friday's Money Minute looks to a trading update from JD Wetherspoon, eurozone wage inflation, and US retail sales data.

Welcome to Friday's Money Minute. In the UK today, keep an eye out for a trading update from JD Wetherspoon.

The pub group is well known for its founder's unapologetic support for Brexit. Expect any news particularly on the UK consumer spending outlook to be reported through this prism.

Data on eurozone wage inflation comes out mid-morning. Now that the European Central Bank's big meeting is over, investors will be paying more attention to what this figure says about the overall health of the eurozone economy.

Advertisement - Article continues below

In the US, we get a glimpse of how the all-important US consumer is feeling, when retail sales data for August comes out, followed by the latest reading from the Michigan consumer confidence index.

The US consumer's desire to spend matters because consumer spending accounts for roughly two-thirds of US economic activity.

Given that the US is the most important economy in the world, that makes the US consumer perhaps the single most potent economic force in the world.

So let's hope they still feel like splashing out.




How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019

Why Wall Street has got the US economy wrong again

The hiring slowdown does not signal recession for the US economy. Growth is just moving down a gear, says Brian Pellegrini.
25 Oct 2019

Beyond the Brexit talk, the British economy isn’t doing too badly

The political Brexit pantomime aside, Britain is in pretty good shape. With near-record employment, strong wage growth and modest inflation, there is …
17 Oct 2019
UK Economy

Spend, spend, spend – think of it as your patriotic duty

After months of lockdown, many of us will have some money to spare. If you do, says Merryn Somerset Webb, spend it.
2 Jul 2020

Most Popular


House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020

How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bu…
3 Jul 2020