Reklāma

UK Retail Sales Recover In October

RTTNews | 887 days ago

(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.

Tags: GBP

UK Inflation Slows To 2.6%

UK consumer price inflation weakened more than expected to a three-month low in March ahead of an increase in energy bills in April, the Office for National Statistics said on Wednesday. Consumer prices registered an annual growth of 2.6 percent, slower than the 2.8 percent increase in February. Prices were forecast to climb 2.7 percent.

RTTNews | 7 days ago

UK Job Market Remains Strong

The UK labor market remained strong in the three months to February, ahead of rise in payroll taxes and new trade tariffs, data from the Office for National Statistics revealed Tuesday. Annual growth in employees' earnings excluding bonuses was 5.9 percent in the December to February period.

RTTNews | 8 days ago

UK GDP Growth Rebounds In February

The UK economy expanded at a solid pace in February with increases in all main sectors but recent trade tariffs announced by the US administration cast shadow over recovery prospects. Real gross domestic product grew 0.5 percent from the previous month following a nil growth in January, data from the Office for National Statistics revealed Friday. GDP was expected to climb 0.1 percent.

RTTNews | 12 days ago

UK Housing Market Conditions Weaken On Challenging Macroeconomic Factors

The UK housing market conditions weakened in March as demand faded following the end of stamp duty holiday amid rising concerns about economic outlook, survey data showed on Thursday. New buyer demand turned negative and hit the lowest since September 2023, the Residential Market Survey from the Royal Institution of Chartered Surveyors showed on Thursday.

RTTNews | 13 days ago

UK House Prices Fall For Second Month

UK house prices dropped for the second straight month in March as stamp duty holiday ended amid weaker economic outlook, mortgage lender Halifax said Monday. House prices slid unexpectedly by 0.5 percent month-on-month, bigger than February's 0.2 percent drop. This was the second consecutive decline. Prices were forecast to climb 0.2 percent.

RTTNews | 16 days ago

UK House Prices Stall In March

UK house prices remained flat as the stamp duty holiday ended at the end of March, data from the Nationwide Building Society showed on Tuesday. House prices showed nil growth in March compared to February. This followed an increase of 0.4 percent in the previous month. On a yearly basis, house price growth remained unchanged at 3.9 percent in March.

RTTNews | 22 days ago

UK Mortgage Approvals Fall Slightly; Consumer Credit Drops

UK mortgage approvals for house purchase decreased slightly in February, as changes in stamp duty from April 1 softened housing market activity, while consumer credit decreased from the last month, official data showed on Monday. Mortgage approvals for house purchases decreased 600 to 65,500 in February, the Bank of England reported. This followed a decrease of 400 in January.

RTTNews | 23 days ago

UK Economy Grows Marginally As Estimated; Retail Sales Rebound Unexpectedly

The UK economy logged a marginal growth as initially estimated in the fourth quarter as the decline in production was offset by the growth in services and construction sectors, official data showed Friday. Another data revealed that retail sales expanded unexpectedly in February driven by the rebound in non-food store and auto fuel sales.

RTTNews | 26 days ago

EURUSD	1.14099	GBPUSD	1.32988	AUDUSD	0.64115
USDJPY	141.702	USDCAD	1.3824	USDCHF	0.82234