Retail Sales in Britain
Retail Sales (MoM) (UK)
Retail Sales Fall Back to a Declining Trend
Starts Friday, February 15, 2019 at 09:30
Updated Friday, February 15, 2019
Retail sales declined by 0.8% in September and again by 0.5% in October. Although, the report released In December which represents sales for November showed a sudden increase of 1.4%. But, that was mainly due to the Black Friday sales. They turned negative again in December declining by 0.9%. In January, they are expected to have increased by 0.2%, but we have seen some really bad numbers from the UK in the last few months, so don't be surprised to see another negative report. Please follow us for live coverage of this event and the impact it might have on the currency explained by experienced analysts.
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About Retail Sales (MoM) (UK)
The UK retail sales report is the primary indicator of consumer spending. Consumer spending makes up the majority of the economic activity in the UK. This data is released on a monthly basis, 20 days after the month ends. The source of the report is the UK Office for National Statistics. Retail sales data represents the total volume of sales, adjusted according to inflation. It is measured as a change in the percentage of sales compared to the previous month. A positive retail sales number shows that the UK economy is in a good shape. It means that business revenue and tax revenue will improve in the near term.