U.K. Retail Sales Better Than Expected as Online Purchases Climb
Friday, 24 May 2019 15:59 WIB | ECONOMY |Ekonomi inggrisUK Retail Sales

U.K. consumers unexpectedly kept up spending last month as retail sales beat economists™ forecasts.

The volume of goods sold in stores and online was unchanged following three consecutive months of gains, the Office for National Statistics said Friday. Expectations were for a 0.3% drop.

Sales were boosted by warm weather and a record three-month growth rate for online purchases. Gains in non-store retailing climbed 9.4% in the quarter through April, led by clothing.

Record employment and rising real incomes are helping to underpin consumer spending, the largest part of the economy, in the face of the crisis over Britain™s departure from the European Union. Sales were up 5.2% from a year earlier, also beating forecasts.

Sales at department stores and household goods stores declined in the quarter through April. Textile, clothing and footwear shores saw sales rise 2.2%, and other stores had a 3% gain.

Source : Bloomberg

RELATED NEWS

German Business Morale Rises in February, Unfazed by Coronavirus - Ifo
Monday, 24 February 2020 16:38 WIB

German business morale rose unexpectedly in February, a survey showed on Monday, easing recession fears in Europe™s largest economy which has been losing momentum as its manufacturers struggle with falling exports. The Ifo institute said its business climate index rose to 96.1 after an upwardly r...

U.S. Business Gauge Posts First Contraction Since 2013 on Virus
Friday, 21 February 2020 21:54 WIB

U.S. business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms hesitant to place orders, a warning sign that the outbreak is starting to dent the world™s largest economy. The IHS Markit purchasing managers™ index measuring&n...

U.K. Economy Is Picking Up Despite Coronavirus Concerns
Friday, 21 February 2020 16:42 WIB

The U.K. economy continued a run of better-than-expected growth in February, more evidence of a rebound after fourth-quarter stagnation. While the expansion continued apace, there were also signs of a hit to supply chains from coronavirus, according to IHS Markit's flash purchasing managers index. ...

German Economy Faces Coronavirus Hit as Export Orders Sink
Friday, 21 February 2020 15:45 WIB

Germany's economy is facing renewed pressure from beyond its borders as export orders plunge and manufacturers worry about the impact of the coronavirus outbreak on their supply chains. The latest purchasing managers index from IHS Markit shows industry still in a contraction, and expectations for ...

French Economy Relies on Services as Factory Output Shrinks Anew
Friday, 21 February 2020 15:29 WIB

France increased its dependence on the service sector for economic growth this month, as factories grappled with issues including the coronavirus outbreak and the discontinuation of Boeing's 737 Max airplane. While a Purchasing Managers Index from IHS Markit showed an unexpected pickup in overall m...

ANOTHER NEWS
NASA Says Pioneering Black Mathematician Katherine Johnson Has Died
Tuesday, 25 February 2020 12:27 WIB NASA says Katherine Johnson, a mathematician who worked on NASA's early space missions and was portrayed in the film œHidden Figures, about pioneering black female aerospace workers, has died. In a Monday morning tweet, the space agency said...

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.