Retail Sales in United Kingdom
United Kingdom - Retail SalesThe economy has performed better than expected so far in the third quarter. Economic growth was robust in July, driven by the services sector. In addition, both consumer confidence and the services PMI rose in August, while retail sales in the first two months of Q3 have been strong. Moreover, the labor market is in rude health; the unemployment rate remains at a multi-decade low, and in the May–July period there were signs that this tightness was beginning to feed through to wages. However, economic figures in recent months have likely been flattered by unseasonably warm weather. Furthermore, although service activity is holding up, the manufacturing sector is losing steam as the competitiveness boost from the weaker pound fades, with the manufacturing PMI falling to an over two-year low in August. On the political front, the recent Salzburg summit highlighted the substantial disagreements between the EU and the UK over important aspects of Brexit negotiations. Both sides are looking to make substantial progress before another key EU summit on 18 October.
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||1.54||-3.04 %||Oct 11|
|Exchange Rate||1.32||-0.35 %||Oct 12|
|Stock Market||6,996||-0.26 %||Oct 12|
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October 11, 2018
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity was unchanged in August over the prior month in seasonally-adjusted terms, undershooting market analysts’ expectations of 0.1% growth.
October 11, 2018
Industrial production increased 0.2% in August over the prior month according to the Office for National Statistics, down from July’s revised 0.4% rise (previously reported: +0.1% month-on-month).
United Kingdom: The services sector softens slightly in September while the manufacturing sector picks up
October 3, 2018
In September, growth in the UK services sector lost some steam, with the IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) dipping to 53.9 from 54.3 in August.
September 30, 2018
According to the Nationwide Building Society (NBS), house prices in the United Kingdom rose 0.3% in September compared to the previous month in seasonally adjusted terms, contrasting August’s 0.5% decline.
September 28, 2018
The GfK NOP consumer confidence indicator fell from minus 7 points in August to minus 9 points in September.