Aug. retail sales insights
Retail sales smash expectations despite a drop in consumer confidence
Retail sales in the UK blew past expectations in August, climbing to their highest level since July 2022, according to the ONS.
Retail sales rise 1% in August with sales boosted by warmer weather, ONS reports
Retail sales volumes (quantity bought) are estimated to have risen by 1.0% in August 2024, following a rise of 0.7% in July 2024 (revised up from a 0.5% rise in our previous publication), the latest figures from the Office for National Statistics show.
UK retail sales jump in August
UK retail sales enjoyed a robust performance in August, with volumes rising by 1%, surpassing economists' forecasts, according to the Office for National Statistics (ONS). The latest figures mark a continued recovery, following a 0.7% increase in July, and lift year-on-year sales by 2.5%. This outpaced the City consensus of a 1.4% rise.
UK retail sales rise 1% in August
British retail sales rose 1% in August, official figures showed on Friday. Economists polled by Reuters had forecast a monthly rise of 0.4% in sales volumes from July. After a surge in inflation in 2022 which caused a hit to consumer spending power for much of the following two years,
Retail sales rise in August despite waning consumer confidence
Retail sales continued to grow in August despite consumer confidence plummeting, according to the Office for National Statistics.
Retail Sales August 2024: Consumer Demand Slowed But No Need For Panic
Real Retail Sales contract slightly in August 2024, showing a soft landing for the economy. Click for my full review of the data and the likely impact on markets.
UK retail sales rise by more than expected in August
LONDON, Sept 20 (Reuters) - British retail sales rose 1% in August, official figures showed on Friday. After a surge in inflation in 2022 which caused a hit to consumer spending power for much of the following two years, a slowdown in price growth and faster increases in wages have helped to restore some of the lost living standards.
Online retail sales rose nearly 8% in August over last year
Analysts say there's still room for growth when it comes to online shopping, though most purchases are still made in person.
US Retail Sales Post Surprise Gain, Helped by Online Stores
US retail sales unexpectedly rose in August, pointing to healthy consumer demand that continues to underpin the economy.
Business Matters1h
Retail sales surge to two-year high as British shoppers snap up summer deals
UK retail sales hit a two-year high in August, with shoppers splurging on summer deals and food, boosting the high street.
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ONS retail sales figures offer bright spot as trade gears up for ‘golden quarter’
The Office for National Statistics (ONS) has reported a rise in retail sales volumes for August, with supermarkets helping to ...
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BUSINESS LIVE: Retail sales up 1% in August; Investec profits increase; Volution makes takeover deal
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UK Retail Sales Rise More Than Forecast
UK retail sales grew more than expected in August as warmer weather boosted food and clothing sales, data from the Office for ...
Will Tuesday's Retail Sales Data Affect the Fed's Decision?
Key Takeaways Retail sales increased by 0.1% in August, bucking economist projections of a decline but slowing down from July ...
US retail sales ticked up last month in sign of ongoing consumer resilience
Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve ...