Consumer Confidence Low, Yet Consumption Still Growing Thanks to Services. Energy Price Decline Lowers Overall Inflation Rate

Forward-looking data suggests domestic demand will soften

Consumption: low consumer confidence but consumption still growing thanks to services

 

Inflation: fall in energy price brings down overall inflation rate

 

Labour market: shortage of personnel limits growth potential

 

Wages: ongoing labour market strain results in high wage growth

 

Housing market: continuing price declines and falling number of sales

 

 

 

Forward-looking data suggests domestic demand will soften

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