Retail Sales (MoM) (UK) - Economic Calendar - Strategia Forex
Economic Calendar
Retail Sales in Britain

Retail Sales (MoM) (UK)

Retail Sales To Cool Off Again in August

Starts Friday, September 18, 2020 at 06:00
Updated Monday, September 14, 2020
EVENT ENDED
Retail sales have been expected to decline every month this year, but they have only come in negative once, in May. In January, they were expected to have increased by 0.2%, but instead they increased by 1.0%. In February, sales were expected to turn negative again, but beat expectations growing by 0.4% instead, which means that the volatile trend might be over. In March, sales were expected to decline again, this time by 0.3%, but they jumped 1.1% higher, while in April they remained flat at 0.0%, although they were expected to show a 0.3% decline. But, that was revised lower last month to -0.1%. In May, sales declined by 0.5%, which means two consecutive declines. But, they jumped 1.0% higher in June, so perhaps retail sales are back to normal. In July, sales were expected to decline by 0.3% again but they came in positive, but they turned negative and declined by 0.2% in August. In September they were expected to decline by 0.1% again but they remained flat that month. In October, sales were expected to turn positive and increase by 0.2%, but declined by 0.1% and again by 0.6% in November. Although, sales were expected to turn positive in December and increase by 0.8%, but they fell by 0.6% again. Although, we saw a 0.9% jump in January after the UK elections. But, they turned negative in February again, declining by 0.3%. So, things were pretty bad even without coronavirus and in March we saw a 5.1% decline, which got bigger in April at -18.1%. Although, sales jumped by 12% in May and by 13.9% in June. But the pace slowed to 3.6% in July and is expected to cool off again to 0.8%. Please follow us for live coverage of this event by experienced analysts. 

<% indicator.indicator_name %>
<% indicator.indicator_value %>
<% ssp.ssp_posted_at |date:"HH:mm" %>
RELATED PAIRS
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.
Comments

1
Leave a Reply

avatar
1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors
Arslan Butt, Commodities & Indices Analyst Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Arslan Butt, Commodities & Indices Analyst
Member

Retail volumes increased by 0.9% in January 2020, recovering from the falls in the previous two months; the increase was mainly because of moderate growth in both food stores (1.7%) and non-food stores (1.3%).

OLD EVENTS
<% item.item_scheduled_at | date:'EEEE, d MMMM, yyyy' %>
EVENT ENDED

<% item.item_title %>

Posted by <% item.author.display_name %>

<% indicator.indicator_name %>
<% indicator.indicator_value %>
Related Pairs
<% ssp.ssp_posted_at | date:"HH:mm" %>