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Retail Sales (MoM) (UK)

Retail Sales Turned Positive Again in June and Posted a Nice Jump

Starts Thursday, August 15, 2019 at 08:30
Updated Thursday, August 15, 2019
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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%, that was mainly due to the Black Friday sales. They turned negative again in December declining by 0.9%, which was revised lower to -0.7%. 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 again to decline, this time by 0.3% but they jumped 1.1% higher, while in April they remained flat at 0.0% while 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. Let's see another month before making any conclusions. 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.
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