Retail Sales in United Kingdom
United Kingdom - Retail SalesGDP growth was confirmed at a mere 0.1% in the first quarter, a multi-year low, on slower private consumption growth and contractions in business investment and exports. However, the reading could be partly due to temporary factors—such as severe weather and the collapse of construction company Carillion. Other indicators painted a more positive picture of the quarter: Employment surged, lifting the participation rate to a record high, while real wages grew again following four consecutive quarterly declines. The economy has started Q2 in mixed fashion. In April, the services and manufacturing PMIs were fairly subdued—despite remaining in positive territory—with the services sector bouncing back less than expected from March’s weather-induced dip. However, in the same month government borrowing was the lowest since 2008. This came after the budget deficit shrank markedly last year and will likely give the government slightly more room to boost spending on cash-strapped public services.
United Kingdom - Retail Sales Data
|Retail Sales (annual variation in %)||1.2||3.5||4.0||4.8||1.8|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Retail Sales Chart
Source: Office for National Statistics (ONS) and Met the why particular calculations.
United Kingdom Facts
|Bond Yield||1.33||-3.04 %||Jun 14|
|Exchange Rate||1.33||-0.35 %||Jun 14|
|Stock Market||7,766||-0.26 %||Jun 14|
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June 13, 2018
Consumer prices rose 0.4% in May over the previous month, matching April’s figure.
June 12, 2018
The unemployment rate remained at a multi-decade low of 4.2% in the February-April period, where it has been for three consecutive rolling quarters.
June 11, 2018
Industrial production fell 0.8% in April over the prior month according to the Office for National Statistics, contrasting March’s 0.1% rise and undershooting analysts’ expectations.
United Kingdom: Services and manufacturing PMIs rise in May, pointing to pick-up in economic growth following Q1’s lull
June 5, 2018
Growth in the UK services sector picked up to a three-month high in May, with the IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) rising from 52.8 in April to 54.0.
May 31, 2018
According to the Nationwide Building Society (NBS), house prices in the United Kingdom fell 0.2% in May compared to the previous month in seasonally adjusted terms, contrasting April’s 0.1% increase and marking the third month-on-month price decline so far this year.