Retail Sales in Britain
Retail Sales (MoM) (UK)
Retail Sales Expected to Turn Negative Again in Britain
Starts Thursday, March 21, 2019 at 09:30
Updated Monday, March 18, 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 were expected to have increased by 0.2%, but instead they increased by 1.0%. Today's report is expected to show a 0.4% for February. Please follow us for live coverage of this event 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.