Retail Sales in Britain
Retail Sales (MoM) (UK)
Retail Sales Have Been Declining For Two Months in Britain
Starts Tuesday, December 18, 2018 at 17:52
Updated Monday, December 17, 2018
Retail sales started declining first in June by 0.5%. Although in July and August, retail sales increased by 0.7% and 0.3% respectively. In September, sales resumed the decline again falling by 0.8% that month. November's report showed another big decline by 0.5% for October, but this month they are expected to increase by 0.3%. Even if that is the case, I don't see a sustained rally if there is a positive surprise today. The situation regarding Brexit and global politics remains unfavorable for the GBP. 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.