British retail sales rose by a stronger-than-expected 1% in August, driven by warmer weather and end-of-season sales, according to official data released by the Office for National Statistics (ONS) on Friday. This marks a significant improvement over economists’ expectations of a 0.4% rise, as forecasted by a Reuters poll. The …
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Beyond forecasts, Amazon’s performance during Q1 was a remarkable success, with continued dominance in both cloud computing and e-commerce. The path ahead is not free from challenges, though. To sustain development trajectory, Amazon needs to strategically manage issues including consumer spending patterns, address intensifying competition, and economic concerns. The massively …
Read More »British Retail Sales Remain Steady in February
British retail sales defied expectations by holding steady in February, following a revised 3.6% increase in January, according to figures released by the Office for National Statistics on Friday. Economists surveyed by Reuters had anticipated a 0.3% decline in sales volumes for the month. Heather Bovill, senior statistician at the …
Read More »UK retail sales rise more than expected in April
Retail sales climbed by 0.5% after falling by 1.2% in March. This was more than the 0.3% growth predicted by experts. Food shop sales increased by 0.7%, while non-food store sales increased by 1%. Other retail and department store sales increased by 2.1% and 1.7%, respectively, month over month. ONS …
Read More »UK retail sales dip in May
The CBI said sales balance decreased to -10 in May from +5 the previous month, falling short of consensus estimates of +10. “Retailers continue to face a challenging trading environment, with firms reporting disappointing sales and formidable inflationary pressures,” said CBI chief economist Martin Sartorius. As a result, they must …
Read More »UK Retail Sales fall 1.0% MoM in December
The UK Retail Sales arrived at -1.0% over the month in December vs. -0.5% previous. The Core Retail Sales, stripping the auto motor fuel sales, fell by 1.1% MoM vs. -0.3% previous. On an annualized basis, the UK Retail Sales plunged 5.8% in December versus -5.7% prior while the Core …
Read More »Retail sales in Britain contracted and recorded a negative reading
The data of the National Statistics Office issued in Britain today, Friday, showed that the retail sales index recorded a negative reading, as Britain witnessed a contraction in retail sales by 0.4% last November, which is worse than the market’s expectations of an index growth of about 0.3%, after the …
Read More »UK Retail Sales jump 0.6% MoM in October
The UK retail sales arrived at 0.6% over the month in October vs. 0% expected and -1.5% previous. The core retail sales, stripping the auto motor fuel sales, rose 0.3% MoM vs. 0.6% expected and -1.5% previous. On an annualized basis, the UK retail sales plunged 6.1% in October versus …
Read More »UK Retail Sales fall 0.1% MoM in June
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to 52.2 in July versus 52.0 expected and 52.8 – June’s final reading. Meanwhile, the Preliminary UK Services Business Activity Index for July arrived at 53.3 when compared to June’s final score of 54.3 and 53.0 expected.
Read More »UK Retail Sales drop 0.5% MoM in May
The UK retail sales arrived at -0.5% over the month in May vs. -0.7% expected and 1.4% previous. The core retail sales, stripping the auto motor fuel sales, stood at -0.7% MoM vs. -1.0% expected and 1.4% previous. On an annualized basis, the UK retail sales plunged 4.7% in May …
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