Monday, 27 January 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.K. Retail Sales Better Than Expected as Online Purchases Climb
Friday, 24 May 2019 15:59 WIB | ECONOMY |Ekonomi inggrisUK Retail Sales

U.K. consumers unexpectedly kept up spending last month as retail sales beat economists™ forecasts.

The volume of goods sold in stores and online was unchanged following three consecutive months of gains, the Office for National Statistics said Friday. Expectations were for a 0.3% drop.

Sales were boosted by warm weather and a record three-month growth rate for online purchases. Gains in non-store retailing climbed 9.4% in the quarter through April, led by clothing.

Record employment and rising real incomes are helping to underpin consumer spending, the largest part of the economy, in the face of the crisis over Britain™s departure from the European Union. Sales were up 5.2% from a year earlier, also beating forecasts.

Sales at department stores and household goods stores declined in the quarter through April. Textile, clothing and footwear shores saw sales rise 2.2%, and other stores had a 3% gain.

Source : Bloomberg

RELATED NEWS
BOE Rate Cut in Doubt Amid Signs of Post-Election Growth Bounce...
Friday, 24 January 2020 16:43 WIB

A closely watched measure of U.K. economic activity surged to the highest since 2018 in January, undercutting the case for a Bank of England interest-rate cut next week. IHS Markit's flash index for ...

Germany Starts to Shake Off Slump With Better Start to 2020...
Friday, 24 January 2020 15:49 WIB

Germany economy took a big step to putting the horrors of 2019 behind it, opening the new year with a pickup in activity and business confidence. IHS Markit's composite Purchasing Managers' Index ros...

Tingkat pengangguran Australia turun ke terendah 9 bulan, dapat mencegah penurunan suku bunga...
Thursday, 23 January 2020 08:59 WIB

Ketenagakerjaan Australia melampaui perkiraan untuk bulan kedua pada bulan Desember mendorong tingkat pengangguran ke level terendah sembilan bulan, peningkatan yang sangat dibutuhkan yang dapat mence...

U.K. Retail Sales Extend Worst Run on Record Despite Discounting...
Friday, 17 January 2020 16:47 WIB

U.K. consumers stayed away from the stores during the key Christmas trading period, despite widespread discounting and a break in the political impasse over Brexit.  The volume of goods sold in ...

China's Economy Grew 6% in Fourth Quarter as Demand Stabilized...
Friday, 17 January 2020 09:14 WIB

China™s economy stabilized last quarter after slowing to the slowest pace in almost three decades, as rising demand and easing trade tensions supported sentiment. Gross domestic product rose 6...

LATEST NEWS
Oil Tumbles on Virus Fear While Saudis See 'Very Limited' Impact

Oil tumbled as the market opened in Asia on fears China's deadly coronavirus will crimp energy demand, prompting Saudi Arabia to say it was closely monitoring the situation. Futures in London and New York plunged more than 3% in early trading...

Gold Jumps as Investors Seek a Haven Amid Growing Virus Fears

Spot gold jumped as much as 1.1% to $1,588.68/oz as investors sought a haven amid growing fears over the spread of the coronavirus around the world. Trades 0.7% higher at $1,582.96 at 7:54am in Singapore; rose 0.9% last week. Stock futures and...

Yen jumps, yuan slumps on worries China struggling to contain virus

The yen rose and the yuan fell in offshore trade on Monday as worries that China is struggling to contain the spread of a pneumonia-like virus sparked a bout of risk aversion. Japan's currency, often sought as a safe-haven in times of uncertainty,...

POPULAR NEWS
Gold prices notch gains for the day and week as coronavirus fears intensify
Saturday, 25 January 2020 02:08 WIB

Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to...

Hong Kong stocks flat after week of virus jitters
Friday, 24 January 2020 09:09 WIB

Hong Kong shares were flat in Friday's opening trade as the market stabilised following a week of investor nerves over China's coronavirus...

Stocks end lower on worries over coronavirus outbreak
Saturday, 25 January 2020 04:19 WIB

Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell...

Gold Inches Lower as Investors Seek Clarity on Virus Severity
Friday, 24 January 2020 18:30 WIB

Gold edged lower on Friday as investors sought details on the severity of the China virus after the World Health Organisation stopped short of...