* Prior +1.4%; revised to +0.4%
* Retail sales -4.7% vs -4.5% y/y expected
* Prior -4.9%; revised to -5.7%
* Retail sales (ex autos, fuel) -0.7% vs -1.0% m/m expected
* Prior +1.4%; revised to +0.2%
* Retail sales (ex autos, fuel) -5.7% vs -5.1% y/y expected
* Prior -6.1%; revised to -6.9%
The drop in retail sales was mostly driven by a decline in food sales, with feedback from supermarkets suggesting that customers were spending less on food shopping amid the rising cost of living. Clothing sales were boosted ahead of the summer with fuel sales also increasing on the month, but offset by a drop in sales for household goods and department stores - again highlighting more pessimistic consumption behaviour.
As inflation continues to grip the economy, it looks like the cost-of-living crisis is set to worsen in the months ahead for the UK.
This article was written by Justin Low at www.forexlive.com.
http://dlvr.it/SSlwM6
Are you a forex trader or affiliate marketter that wants to trade forex or make money online.we have the best tips for you here.
Subscribe to:
Post Comments (Atom)
Forex trading the Dow Jones and the S&P 500, Goldman Sachs higher - Apple lower [Video]
That's all for now. CFDs and FX are leveraged products and your capital may be at risk. Share: ... from Google Alert - ALL ABOUT FOR...
-
IS CFD TRADING WORTH ITTORIAL: Trading Stock CFDs Worth It? 📝 A topic that is only tangential to Forex, the question of whether to trade st...
-
FX Eagle Dashboard Forex System provides extraordinary trading assistance for its users. THE CURRENCY MATRIX. The indicators are all avai...
-
On the daily chart below for WTI crude oil, we can see that after the price filled the gap created by the surprising OPEC+ production cut an...
No comments:
Post a Comment