UK retail sales rose by 0.9% on a like-for-like basis in March 2025, outpacing market forecasts of a 0.5% increase. The boost was largely driven by unseasonably warm weather, which spurred spending on gardening, DIY, food, and health and beauty products. Mother's Day also contributed to the uplift, though the late timing of Easter this year somewhat distorted year-on-year comparisons. Food sales grew by 1.6% in March, while non-food sales saw a modest 0.6% increase. Helen Dickinson, Chief Executive of the British Retail Consortium, commented: "Despite a challenging global geopolitical backdrop, the modest rise in both food and non-food sales points to underlying demand resilience, especially given the tougher comparison with last March's early Easter." However, some analysts warned that the momentum may not last. Sales of big-ticket items remained subdued, reflecting waning consumer confidence amid concerns over new US tariffs and recently announced UK tax hikes
Source: Trading Economi
The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total Nonfarm employment for March 2025 is...
The United States government has already collected tens of billions of dollars from President Donald Trump's "reciprocal tariffs." But that money and a lot more could end up being refunded if the Sup...
Ukrainian President Volodymyr Zelenskiy said on Friday thousands of foreign troops could be deployed to his country under post-war security guarantees, but Russian leader Vladimir Putin said Moscow wo...
The U.S. economy added fewer jobs than anticipated in August, possibly bolstering the case for the Federal Reserve to slash interest rates at its next policy meeting later this month. Data from the L...
U.S. President Donald Trump told European leaders on Thursday that Europe must stop buying Russian oil that he said is helping Moscow fund its war against Ukraine, a White House official said, strikin...
Poland shot down a drone in its airspace on Wednesday with the support of military aircraft from its NATO allies. This is the first time a member of the Western military alliance is known to have fired during Russia's war in Ukraine. Polish Prime...
Gold prices hovered near an all-time high on Wednesday, buoyed by expectations of a U.S. interest rate cut this month, while market participants awaited U.S. inflation data for clues on the Federal Reserve's monetary policy path. Spot gold was up...
Gold prices are currently rising on Wednesday (September 10th), driven by growing expectations that the Federal Reserve will cut interest rates at its meeting next week. Weaker-than-expected US economic data, including revised Nonfarm Payrolls and...
The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...
Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday,...
The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...
European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the...