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UK retail sales in February 2024 increased by 1.1% year-on-year, a slowdown compared to the 5.2% growth observed in February 2023, show new figures from the British Retail Consortium (BRC). Read more ⬇️ https://lnkd.in/e_4eErEB #retail #retailsales #salesfigures

Month-on-month retail sales kin the UK stayed flat in March, undershooting consensus expectations of 0.3% growth. Year on year, they added 0.8% after falling 0.3% in February. Commenting on today’s data print, ONS senior statistician Heather Bovill said: “Retail sales registered no growth in March. Hardware stores, furniture shops, petrol stations and clothing stores all reported a rise in sales. “However, these gains were offset by falling food sales and in department stores where retailers say higher prices hit trading.  “Looking at the longer-term picture, across the latest three months retail sales increased after a poor Christmas.” More at #Proactive #ProactiveInvestors http://ow.ly/nJyv105pYXA

Month-on-month retail sales in the UK stayed flat in March, undershooting consensus expectations of 0.3% growth. Year on year, sales added 0.8% after falling 0.3% in February. Commenting on today’s data print, ONS senior statistician Heather Bovill said: “Retail sales registered no growth in March. Hardware stores, furniture shops, petrol stations and clothing stores all reported a rise in sales. “However, these gains were offset by falling food sales and in department stores where retailers say higher prices hit trading.  “Looking at the longer-term picture, across the latest three months retail sales increased after a poor Christmas.” More at #Proactive #ProactiveInvestors http://ow.ly/etAE105pYZJ

Exciting News in Retail Sales!... Despite the UK entering a recession, there's a surprising surge in retail sales, indicating a resilient economy. January witnessed the largest recovery in retail sales since April 2021, exceeding expectations by more than double. This 3.4% increase suggests a significant bounce back in consumer spending. This remarkable growth, especially in sectors like supermarkets and fuel sales, compensates for the disappointing performance in December. While clothing sales saw a decline, household shops, department stores, and sports shops experienced robust trade, thanks to January discounts. The Office for National Statistics highlights that volumes in all retail sectors, except clothing, have seen growth, indicating a broad-based recovery. Supermarkets, in particular, have made a substantial contribution to this growth, bringing volumes back to November 2023 levels. This uptick in retail sales is not just a boost for the economy but also reflects consumer confidence and resilience. Despite challenges, the economy seems to be moving in the right direction. https://lnkd.in/e_eERX7K #economy #retail #business

Tension is high among retailers in the UK after the tough times they faced in the last quarter. "Sales volumes are estimated to have dropped 3.2%, the biggest monthly decline since January 2021." This decline has forced the economy into recession. The reduction in sales volume results from customers' unwillingness to spend due to the increasing cost of living. Consumers are finding themselves wanting to save, which is why sales in November increased because the black November discounts allowed them to save more. Read more on the retail situation in the UK: https://bit.ly/3STGoy4 #RetailNews #RetailSales

UK retail sales saw a positive uptick in July, reversing a previous decline, thanks to summer discounts and major sporting events. According to the Office for National Statistics (ONS), retail sales volumes increased by 0.5% in July, slightly below economists' forecasts of 0.6% growth. #UKRetail #SalesData #EconomicTrends

"October retail sales grew from the prior month, reflecting continued resilience in the American consumer. "Retail sales rose 0.4% in October. Economists had expected a 0.3% spending, according to Bloomberg data. Meanwhile, retail sales in September were revised up to a 0.8% increase from a prior reading that showed a 0.4% increase in the month, according to Census Bureau data. Auto sales drove a majority of the gains in October's reading with sales in the sector rising 1.6%." #economy

British Retail Sales Hit Two-Year Peak as Consumers Embrace Summer Discounts #UKretail #summerdeals #consumer spending #inflation #interestrates #ONSstatistics #retailsalesgrowth #foodsales #autumnapparel #consumerconfidence #monetarypolicy #retailsectoroptimism #base rate #householdspendingrecovery #supermarketsales #economicupswing #retailoutlookpromising

Retail sales return to growth across Great Britain, boosted by Euro 2024 and discounts – business live https://lnkd.in/dFdNRqYN Introduction: UK retail sales return to growth Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. A busy week for UK economic data ends today, with the news that retail sales across Great Britain have returned to growth. Click the above link for details. #FinancialPlanning