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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Growth in retail sales in the UK was the lowest in 4 months

September, 18 2020
watermark Economic news

According to the UK National Statistical Office (ONS), retail sales in August increased 0.8% from the previous month. This is the lowest growth rate for the last 4 months. In annual terms, sales increased by 2.8%.


Analysts predicted the growth of the first indicator by 0.7%, and the second – by 3%.


Sales in August increased 4% compared to February, the level before the COVID-19 pandemic. Including online sales are now almost 47% higher than the pre-coronavirus volume.


Last month, UK retail sales, excluding motor fuel, rose 0.6% MoM and 4.3% YoY. Experts had expected a rise of 0.4% and 4.2%, respectively.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.