YoY 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 | ||
Year-on-year retail sales measure the percentage change in sales for a specific month compared to the same month in the previous year. This data is crucial for understanding 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 year-on-year, 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.
| 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 | ||
