UK retail sales growth softens in third-quarter as department stores disappoint
Thursday, 17 October 2019 16:03 WIB |
British shoppers grew more cautious about their spending in the three months to September despite enjoying real growth in their wages, raising concerns about the health of the economy in the run-up to Brexit.
Consumer spending has been the biggest driver of British economic growth since June 2016's referendum to leave the European Union, but there have been increasing signs that this is starting to soften.
Monthly retail sales volumes were flat in September and annual sales growth picked up to 3.1% from a weak 2.6% in August, the Office for National Statistics said on Thursday - slightly less of a recovery than economists had forecast in a Reuters poll.
Looking at the third quarter as a whole, which strips out monthly volatility, quarterly sales growth held steady at 0.6% while the annual pace of expansion dropped to 3.1% from 3.6%, the weakest growth since the final quarter of 2018.
Monday, 6 July 2020 21:14 WIB
A gauge of U.S. service industries jumped to a four-month high in June and showed the resumption of growth as the economy reopened more broadly from pandemic-induced lockdowns.
The Institute for Supply Management said Monday that its non-manufacturing index soared a record 11.7 points to ...
Friday, 3 July 2020 15:57 WIB
The headline seasonally adjusted final IHS Markit/CIPS UK Services PMI Business Activity Index posted 47.1 in June, up sharply from 29.0 in May and the highest for four months. This compared with the earlier 'flash' figure of 47.0 in June.
The data did little to influence the British pound or provi...
Thursday, 2 July 2020 19:50 WIB
Nonfarm Payrolls (NFP) in the US increased by 4,800,000 in June, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed May's increase of 2,699,000 (revised from 2,509,000) and came in better than the market expectation of 3,000,000.
Further details of the...
Wednesday, 1 July 2020 19:33 WIB
Employment in the US' private sector rose by 2,369,000 in June, the monthly data published by the Automatic Data Processing (ADP) Research Institue revealed on Wednesday.
This reading followed May's decline of 3,065,000 (revised from -2,760,000) and came in worse than the market expectation for an ...
Tuesday, 30 June 2020 08:26 WIB
China factory activity expanded at a faster pace in June, beating expectations, as the economy continues to recover after the government lifted strict lockdowns and ramped up investment, but weak global demand is likely to be a drag on growth.
The official manufacturing Purchasing Manager™s Index...