MoM Change in UK Retail Sales
United Kingdom| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
Month-on-month retail sales measure the percentage change in sales for a specific month compared to the previous month. This data is crucial for understanding short-term consumer spending trends and serves as an important indicator of the health of the economy. The Office for National Statistics (ONS) releases this data monthly, providing seasonally adjusted figures.
If retail sales are increasing month-on-month, it indicates higher consumer spending and economic expansion. Conversely, if sales are decreasing, it suggests lower consumer spending and potential economic stagnation. This data is a valuable reference for policymakers when adjusting monetary and fiscal policies.
For example, if retail sales show strong growth, the central bank may consider raising interest rates to curb inflation risks. Conversely, if sales are declining, there may be a need to strengthen economic stimulus measures. Additionally, retail sales data is important for businesses and investors, as it helps gauge consumer trends and economic outlooks.
Month-on-month data reflects short-term fluctuations and can influence companies' sales and marketing strategies. Therefore, businesses need to respond quickly to changes in demand based on this data.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
