Retail Sales in United Kingdom

United Kingdom Retail Sales | Economic News & Forecasts

United Kingdom - Retail Sales

The economy likely performed better than previously anticipated in Q1, although this was partly due to a favorable base effect and firms stockpiling in preparation for a potential no-deal Brexit at end-March. Solid GDP growth in January and February was supported by manufacturing and construction. Moreover, in December-February the unemployment rate remained at a multi-decade low, while wage growth was robust. This was likely behind buoyant retail sales in the first quarter, despite anemic consumer confidence. However, the economy is likely losing momentum so far in Q2 as the boost from stockbuilding unwinds. On the political front, the EU recently agreed to delay Brexit until 31 October after MPs failed to agree on a way forward. A resolution to the impasse does not appear imminent, and the ongoing uncertainty will continue to hamper business confidence and investment going forward.

United Kingdom - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)1.2  3.5  4.0  4.8  1.8  

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United Kingdom Retail Sales Chart


United Kingdom Retail
Note: Annual variation of real retail sales in %.
Source: Office for National Statistics (ONS) and Met the why particular calculations.

United Kingdom Facts

ValueChangeDate
Bond Yield1.11-3.04 %May 13
Exchange Rate1.30-0.35 %May 13
Stock Market7,164-0.26 %May 13

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