Tag: retail sales

BRC: UK retail sales weak in August

BRC: UK retail sales weak in August

The British Retail Consortium (BRC) has today reported weak retail sales for August. According to the BRC, like-for-like sales (which exclude the impact of sales at new stores) fell 0.6% last month on an annual basis. Overall sales rose 1.5%, however, this was much lower than the 2.8% rise noted in August 2010. Commenting, Stephen [...]

September 6, 2011 | 0 Comments More
US retail sales up in July but confidence at 30-year low

US retail sales up in July but confidence at 30-year low

The Commerce Department has revealed a rise in US retail sales for the month of July. Sales grew 0.5% last month – the best reading since March and follows June’s upwardly revised figure of a 0.3% rise. The rise, which was better than forecasts of a 0.2% gain, was partly attributed to strong demand for [...]

August 13, 2011 | 0 Comments More
BRC: UK retail sales up 0.6% in July

BRC: UK retail sales up 0.6% in July

Retail sales rose in July but conditions remain challenging as households continue to be squeezed by higher inflation and rising unemployment. According to the British Retail Consortium (BRC)/KPMG retail sales monitor, like-for-like sales rose 0.6% last month on an annual basis. On a total basis, meanwhile, sales were 2.5% higher, against a 2.6% increase in [...]

August 9, 2011 | 0 Comments More
Japan’s retail sales recover in June

Japan’s retail sales recover in June

July 28, 2011 | 0 Comments More
ONS: UK retail sales post modest rise in June

ONS: UK retail sales post modest rise in June

Early summer sales on the High Street have led to a modest rise in retail sales, the Office for National Statistics (ONS) said today. According to the ONS, like-for-like sales excluding petrol rose 0.8% in May, while they were 0.2% higher on an annual basis due to heavy discounting. The figures were broadly in line [...]

July 21, 2011 | 0 Comments More
BRC: Retail sales down 0.6% in June

BRC: Retail sales down 0.6% in June

Retail sales fell in June as households continue to be squeezed by higher inflation and rising unemployment. According to the British Retail Consortium (BRC)/KPMG retail sales monitor, sales fell by 0.6% on an underlying basis last month, while total sales (including VAT) rose 1.5%. Food sales growth eased a little last month but a strong [...]

July 12, 2011 | 0 Comments More
Euro zone retail sales fall in May

Euro zone retail sales fall in May

Retail sales in the 17-member euro zone fell in May as consumers cut back on spending in the face of higher inflation and rising unemployment. According to the European Union’s statistics, Eurostat, sales in the euro zone fell 1.1% in May on a monthly basis – the biggest fall since April 2010 – with the [...]

July 5, 2011 | 0 Comments More
Australia leaves interest rates on hold

Australia leaves interest rates on hold

The Reserve Bank of Australia (RBA) has today elected to keep interest rates on hold at 4.75% – for the seventh time since November. The move, which was widely expected, comes as the economy slows and pressures mount over inflation. Australia was the first economy to raise rates from a 50-year low as the economic [...]

July 5, 2011 | 0 Comments More
Australian retail sales in surprise fall in May

Australian retail sales in surprise fall in May

Australia’s Bureau of Statistics today revealed retail sales showed a surprise fall in May sending the dollar and shares down after the announcement. Sales suffered the largest fall in seven months, declining by 0.6% on a monthly basis, confounding analysts’ expectations of a 0.3% rise. According to analysts, today’s figures will lead the Reserve Bank [...]

July 4, 2011 | 0 Comments More
Japan’s retail sales fall in May

Japan’s retail sales fall in May

June 28, 2011 | 0 Comments More
ONS: UK retail sales fall in May

ONS: UK retail sales fall in May

Higher prices at the petrol pumps and economic uncertainty has led to a fall in UK retail sales for the month of May, according to the Office for National Statistics (ONS) today. The ONS said retail sales dived 1.4% last month, reversing the strong rise seen in April due to the late bank holidays, good [...]

June 16, 2011 | 0 Comments More
US retail sales fall in May

US retail sales fall in May

The Commerce Department has today revealed US retail sales fell in May for the first time in 11 months, hit by weak car sales. According to official figures, sales fell 0.2% to $387.1 billion on a monthly basis as consumers opted out of buying big-ticket items such as cars. Car sales were almost 3% lower, [...]

June 14, 2011 | 0 Comments More
BRC: Retail sales fall in May

BRC: Retail sales fall in May

Higher inflation has led to a fall in retail sales for the month of May, according to the British Retail Consortium (BRC) today. The fall was also attributed to consumers overspending in April due to the long bank holiday weekends and hot weather. The BRC said annual like-for-like retail sales fell by 2.1% in May [...]

June 7, 2011 | 0 Comments More
Australian retail sales recover in April

Australian retail sales recover in April

Australia’s Bureau of Statistics today revealed retail sales recovered in April, hitting a 17-month high. Sales grew 1.1% in April on a monthly basis – the biggest rise since November 2009 and nearly three times more than expected. The figures come just a day after the Bureau revealed the economy contracted in the first quarter [...]

June 2, 2011 | 0 Comments More
CBI: Retail sales growth eases in May

CBI: Retail sales growth eases in May

According to the latest Confederation of British Industry (CBI) distributive trades survey, retailers continue to be cautious about the economic outlook despite a rise in retail sales in May. The CBI’s survey established that the sales balance fell to +18 this month from +21 in April – easily beating analysts’ expectation of a reading of [...]

May 24, 2011 | 0 Comments More
ONS: Retail sales rise in April

ONS: Retail sales rise in April

The long bank holiday weekends and sunny weather has led to a rise in retail sales for the month of April, according to the Office for National Statistics (ONS) today. The ONS said retail sales grew 1.12% last month due to the late Easter holidays, hot weather and Royal Wedding, with clothing, footwear and food [...]

May 19, 2011 | 0 Comments More
Retail sales surge in April

Retail sales surge in April

The long bank holiday weekends and sunny weather has led to a surge in retail sales for the month of April, according to the British Retail Consortium (BRC) today. The BRC said retail sales grew 5.2% last month due to the late Easter holidays, hot weather and Royal Wedding, with clothing, barbecue food, champagne and [...]

May 10, 2011 | 0 Comments More
BRC: Retail sales fall sharply in March

BRC: Retail sales fall sharply in March

Retail sales fell sharply last month – providing further evidence of a fragile economic recovery. According to the British Retail Consortium (BRC)/KPMG retail sales monitor, total sales fell by 1.9% on an annual basis - the worst fall since the series started in 1995. The trade body attributed the fall to the ongoing squeeze on [...]

April 12, 2011 | 0 Comments More
ONS: UK retail sales fall in February

ONS: UK retail sales fall in February

Retail sales fell last month - by a bigger than expected 0.8% on a monthly basis, the Office for National Statistics (ONS) has reported today. The fall followed a downwardly revised gain of 1.5% in January. Sales growth for January was attributed to heavy discounts and a rush to beat the VAT hike, which came [...]

March 24, 2011 | 0 Comments More
US retail sales up 1% in February

US retail sales up 1% in February

The Commerce Department revealed US retail sales grew strongly in February - representing the eighth consecutive monthly rise. According to the Commerce Department, sales grew 1% in February - higher than January’s revised 0.7%. However, economists had expected sales to moderate as consumers are hit by soaring petrol prices. The turmoil in the Middle East [...]

March 13, 2011 | 0 Comments More