Retail Sales in United Kingdom

United Kingdom Retail Sales | Economic News & Forecasts

United Kingdom - Retail Sales

The economy appears to have lost momentum in the final quarter. In the three months to October, GDP growth slowed on lower car sales and a softer pharmaceutical sector, while retail sales declined in month-on-month terms for the second straight month in October. Meanwhile, in November the services PMI slipped to an over two-year low, due to slower expansions in new orders and employment, while sentiment among consumers worsened. In contrast, the labor market remains a bright spot; in the three months to October, employment growth was solid, while nominal wage growth reached a near-decade high. On the political front, Prime Minister Theresa May recently called off the vote on the Brexit withdrawal agreement scheduled for 11 December, due to a lack of parliamentary support. She subsequently survived a no-confidence motion tabled by Conservative MPs. The intensifying political uncertainty is likely to depress investment in the months ahead.

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 Yield1.33-3.04 %Jan 21
Exchange Rate1.29-0.35 %Jan 21
Stock Market6,971-0.26 %Jan 21

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