Retail Sales in United Kingdom
United Kingdom - Retail SalesThe economy mildly expanded in the third quarter according to recent data, underpinned by private consumption. However, a slump in fixed investment and an inventory drawdown—following a surge in stocks in the run-up to the initial Brexit deadline of end-March—weighed on the economy, and a recovery in imports reduced the external sector’s contribution to growth. Momentum appears subdued heading into the fourth quarter; although both the services and manufacturing PMIs ticked up in October, they remained muted amid lower new orders and employment. On the political front, the country is gearing up for general elections on 12 December. The Conservative Party is the clear favorite, and a majority Conservative government would likely lead to a swift exit from the EU. Minority Conservative or Labour governments are also possibilities, which would likely prolong economic uncertainty in the near term.
United Kingdom - Retail Sales Data
|Retail Sales (annual variation in %)||1.2||3.5||3.9||4.8||1.9|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Retail Sales Chart
Source: Office for National Statistics (ONS) and FocusEconomics calculations.
United Kingdom Facts
|Bond Yield||0.76||-3.04 %||Nov 21|
|Exchange Rate||1.29||-0.35 %||Nov 21|
|Stock Market||7,239||-0.26 %||Nov 21|
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December 4, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) decreased from 50.0 in October to 49.3 in November, below the threshold that separates expansion from contraction in activity.
November 29, 2019
According to the Nationwide Building Society (NBS), house prices in the United Kingdom rose 0.5% month-on-month in November, up from October’s 0.2% increase.
November 29, 2019
The GfK consumer confidence indicator registered minus 14 in November, matching October’s figure.
November 13, 2019
Consumer prices fell 0.2% in October compared to the prior month, contrasting September’s 0.1% increase.
November 12, 2019
The unemployment rate edged down to 3.8% in July–September from 3.9% in the previous rolling quarter.