Market updates and forecasts

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.

Britain Retail Sales Slow Growth in July


August, 17 2017
watermark Economic news

The retail sales growth of Britain has slowed down in July which is already anticipated following a strong second quarter. Most shoppers lessen their purchases that are majority to be goods other than food which worsens the decline in consumer demand because of higher inflation.  


The statistics show a dropped of 1.3 percent year-on-year of the retail sales growth in volume terms which is lower the 1.4 percent increase in the forecast by economists according to a poll from Reuters. The annuals sales growth has been the slowest since November 2013 with a recorded figure of 1.8 percent.


On the other hand, wages in the second quarter were 0.5 percent lesser in real terms compared to 2016 which has been one of the largest decline since 2014. It is predicted that the consumer price inflation will rise by 3 percent in October compared to the current value of 2.6. An economist described the inflationary effect following the decline of sterling to diminish next year which could speed up the sales volume growth.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
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.