News today that UK consumer confidence has fallen to its lowest point in nearly a year and that M4 lending is now the lowest on record – since 1964 – comes hard on the heels of the suprisingly high Q2 growth figure of 1.1%. What this all tells me is that the next quarter of growth is going to be weak and maybe even weaker than expected.
N.b. M4 money supply – as explained by wikipedia here.