The latest money and credit data suggested caution on the part of consumers. Unsecured lending flatlined in July and households’ savings continuing to grow by more than pre-Covid norms.
What you will learn from this report:
Meanwhile, less momentum was evident in falls in August’s PMIs.
But the indices remained firmly in growth territory, while lower infection numbers and less stringent self-isolation rules should see the recovery pick up steam.
How much the economic recovery was held back by the resurgence of Covid infections in July and a rise in people instructed to self-isolate after being “pinged” by the NHS Covid app is difficult to gauge with certainty. But