How is inflation impacting the consumer? (Podcast): Nationwide Market Insights
This week's data on consumer spending and industrial production sheds light on the health of our economy, which is still being impacted by the pandemic and geopolitical shocks. Nationwide's Chief Economist David Berson and Deputy Chief Economist Bryan Jordan take a closer look at recent data, including Retail Sales and Industrial Production. How has inflation impacted overall sentiment? Does the consumer still have the wherewithal to spend? And what's the outlook for the months ahead?