UK Retail Sales Recover In October

RTTNews | 804日前

(RTTNews) - Despite the rising cost of living, UK retail sales rebounded in October from the previous month when sales were reduced by the additional bank holiday, data from the Office for National Statistics showed Friday.

Retail sales volumes advanced 0.6 percent on a monthly basis in October, faster than the expected growth of 0.3 percent.

The monthly growth reversed the revised 1.5 percent decrease in September, which was affected by the bank holiday for the State Funeral.

Still overall sales were 0.6 percent lower than the pre-pandemic level in February 2020.

October's 0.6 percent increase highlighted the fall in food stores sales volume was offset by positive growth in other main sectors.

Predominantly food stores slid 1.0 percent, while non-food stores gained 1.1 percent. Automotive fuel sales grew 3.3 percent, reversing a 1.2 percent drop.

Sales volume excluding auto fuel gained 0.3 percent, in contrast to the 1.5 percent decline in September. Economists had forecast a faster growth of 0.6 percent.

Year-on-year, the decline in retail sales slowed to 6.1 percent from 6.8 percent in September. Sales were forecast to ease 6.5 percent.

Meanwhile, excluding auto fuel, retail sales declined 6.7 percent, faster than September's 6.1 percent fall. Nonetheless, the pace was slower than economists' forecast of 6.9 percent.

Elsewhere, survey results from market research group Gfk showed that consumer confidence improved in November for the second straight month. The consumer confidence index unexpectedly rose to -44 from -47 in October. The score was seen at -52.0.

タグ: GBP

UK Mortgage Approvals Rise Unexpectedly

Mortgage approvals in the UK increased unexpectedly in December as home buyers rushed to avoid higher stamp duty from April, official data revealed Thursday. The number of mortgage approvals for house purchases increased to 66,500 in December from 66,000 in November, the Bank of England said. Approvals were expected to fall to 65,000.

RTTNews | 10時56分前

UK Budget Deficit Surges On Interest Payments

The UK budget deficit more than doubled in December largely due to interest payments, highlighting the challenges faced by Chancellor Rachel Reeves amid high borrowing costs and weaker economic growth. Public sector net borrowing increased GBP 10.1 billion from the last year to GBP 17.8 billion in December, the Office for National Statistics said Wednesday.

RTTNews | 8日前

UK Jobless Rate Rises, Wage Growth Remains High

The UK unemployment rate rose slightly in the third quarter and wage growth remained high but falling vacancies suggests a decrease in pay pressures, official data showed on Tuesday. The unemployment rate rose to 4.4 percent in the September to November period, as expected, from 4.3 percent in the three months to October, the Office for National Statistics revealed.

RTTNews | 9日前

UK House Prices Rise Most Since 2020: Rightmove

UK house prices increased the most since 2020 and new sellers coming to the market hit a record in January, data from the property website Rightmove showed on Monday. Average house prices increased 1.7 percent in January from a month ago, marking the largest jump in prices at the start of the year since 2020. This follows a 1.7 percent fall in December.

RTTNews | 10日前

UK Retail Sales Drop Unexpectedly On Weak Food Store Sales

UK retail sales declined unexpectedly in December despite the festive season as food sales logged its worst performance since 2013, data from the Office for National Statistics showed Friday. Retail sales volume decreased 0.3 percent on a monthly basis in December, in contrast to the revised 0.1 percent gain in November. The decline confounded expectations for an increase of 0.4 percent.

RTTNews | 13日前

UK Modest GDP Growth Disappoints

The UK economy grew only marginally in November underpinned by the services sector, after two consecutive contractions, official data showed, which has strengthened the scope for more monetary policy easing from the Bank of England as inflation also softened unexpectedly at the end of 2024. Gross domestic product edged up 0.1 percent on a monthly basis in November.

RTTNews | 14日前

Slowing Inflation Strengthens Calls For Bank Of England Rate Cuts

The unexpected softening of UK consumer price inflation at the end of 2024 added expectations for more interest rate reductions by the Bank of England this year. The consumer price index registered an annual increase of 2.5 percent in December, weaker than the 2.6 percent gain in November, the Office for National Statistics said on Wednesday. The rate was expected to remain unchanged at 2.6 perc

RTTNews | 15日前

UK Construction Activity Growth At 6-Month Low

The UK construction sector growth softened to a six-month low in December as elevated borrowing cost and fragile consumer sentiment weighed on new orders, survey data from S&P Global showed on Tuesday. The construction Purchasing Managers' Index registered 53.3 in December, up from 55.2 in November.

RTTNews | 23日前

EURUSD	1.04253	GBPUSD	1.24556	AUDUSD	0.62353
USDJPY	154.313	USDCAD	1.44067	USDCHF	0.90877