Retail Sales in United Kingdom

United Kingdom Retail Sales | Economic News & Forecasts

United Kingdom - Retail Sales

GDP 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

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

Bond Yield1.33-3.04 %Jun 14
Exchange Rate1.33-0.35 %Jun 14
Stock Market7,766-0.26 %Jun 14

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