U.K. Retail Sales Rise More Than Expected in February on Food
Thursday, 22 March 2018 16:52 WIB | ECONOMY |Ekonomi inggrisUK Retail Sales

U.K. retail sales rose more than economists expected in February, boosted by a jump in spending in food. Sales of other goods fell.

The volume of goods sold in stores and online climbed 0.8 percent from January, double the increase forecast by economists, figures from the Office for National Statistics Thursday show. The increase followed declines in the previous two months.

The sector may struggle to avoid losing sales over the first quarter after snow and freezing temperatures gripped the U.K. this month. Sales will fall unless March sees an increase of 0.6 percent.

In the three months through February, sales fell by 0.4 percent, the first decline in almost a year.

Inflation is easing and the Bank of England is expected to keep interest rates unchanged today, though markets are increasingly betting on a rate increase in May to head off of home-grown price pressure emerging in the labor market.

Sales excluding auto fuel increased by 0.6 percent in February. 

Food sales rose by 1.1 percent in February. Sales were also boosted by household goods and goods sold online. But non-food sales overall fell by 0.8 percent, with department stores and clothing shops both experiencing declines.

Source : Bloomberg

RELATED NEWS

Philly Fed manufacturing index drops to 12.0 for September, but tops forecasts
Thursday, 19 September 2019 19:49 WIB

The Philadelphia Federal Reserve's manufacturing index fell to 12.0 in September after registering a reading of 16.8 in August. Any reading above zero indicates improving conditions. Economists polled by MarketWatch expected a reading of 10.0. The indexes for general activity and new orders fell, ...

U.K. retail sales slip 0.2% in August
Thursday, 19 September 2019 15:47 WIB

U.K. retail sales fell 0.2% in August, as the prior month's gain from Amazon Prime Day reversed with a drop in non-store retailing. Economists polled by FactSet had forecast a 0.2% dip. The year-on-year growth rate slowed to 2.7% from 3.3%. Source: marketwatch...

Australia's Unemployment Rises in August
Thursday, 19 September 2019 08:52 WIB

Australia's unemployment rate rose in August reflecting a slowdown in the economy, and adding to a fast-growing case for interest rates to be cut further in coming months. Unemployment rose to a seasonally adjusted 5.3% in August from 5.2% in July, as employment growth of 34,700 over the month was ...

U.K. CPI slows more than forecast to 1.7% growth rate
Wednesday, 18 September 2019 15:50 WIB

U.K. consumer prices slowed to 1.7% year-over-year growth in August from 2.1% in July, the Office for National Statistics said Wednesday. Economists polled by FactSet expected a 1.9% rise. Core CPI slowed to 1.5% from 1.9%. The ONS said the decline came from principally games, toys and hobbies, and...

US: Retail sales rose 0.4% in August vs. 0.2% expected
Friday, 13 September 2019 19:46 WIB

The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of 0.2%. On a yearly basis, retail sales grew by 4.1%. Total sales for the June 2019 through August 2...

POPULAR NEWS
Saturday, 21 September 2019 03:33
Hong Kong Stocks Close Down
Saturday, 21 September 2019 03:27
Wall Street Falls as Trade Optimism Fizzles
Friday, 20 September 2019 01:13
Gold Marks First Loss in 4 Sessions
Friday, 20 September 2019 03:36
Hong Kong Stocks End With Fresh Losses
ANOTHER NEWS
Hong Kong Stocks Close Down
Saturday, 21 September 2019 03:33 WIB Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 33.28 points, to 26,435.67. The benchmark...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.