Study of the British CBI retail sector suggests that the mood on the high-street definitely afloat, giving balance to increase to 49, its highest level in six years. Another interest was the final GDP data for the second quarter, which showed the fall in the saving rate to 3.2% after peaking at 7.7% in the 3 rd quarter of last year. Interesting division of the case now with the Bank of England, as some want to shift to investment and net exports, while others (recent comments Bean) want to see more spending by consumers. Fall in the level of savings - this is a positive signal for consumption in the short term and less positively to rectify the balance of households.
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