Retail Sales in United Kingdom
United Kingdom - Retail SalesThe 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
|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 %||Jan 21|
|Exchange Rate||1.29||-0.35 %||Jan 21|
|Stock Market||6,971||-0.26 %||Jan 21|
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January 24, 2019
On 15 January, Theresa May’s Brexit withdrawal agreement was resoundingly rejected by parliament, with her government subsequently surviving a no-confidence motion presented by the opposition Labour Party.
United Kingdom: Unemployment rate declines in September-November period, employment rate at record high
January 22, 2019
In the September-November period the unemployment rate fell to 4.0%, the joint-lowest rate in over 11 years.
January 16, 2019
Consumer prices rose 0.2% in December over the previous month, matching November’s figure.
January 11, 2019
Industrial production decreased 0.4% in November over the prior month according to the Office for National Statistics, down from October’s revised 0.5% fall (previously reported: -0.6% month-on-month).
January 11, 2019
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.2% in November over the prior month in seasonally-adjusted terms, up from October’s 0.1% increase.