Retail Sales in United Kingdom

United Kingdom Retail Sales | Economic News & Forecasts

United Kingdom - Retail Sales

The 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

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 Yield1.54-3.04 %Oct 11
Exchange Rate1.32-0.35 %Oct 12
Stock Market6,996-0.26 %Oct 12

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