An early flash reading of the IHS Markit/CIPS UK Composite Purchasing Managers' Index (PMI) shot up to 57.1 in July from 47.7 in June, above the 50 threshold for growth for the first time since lockdown began in March. Public borrowing rises to record £55.2 billion pounds. Retail Sales MoM Retail sales in the United Kingdom plunged 18.1 percent month-over-month in April of 2020, following an upwardly revised 5.2 percent drop in March and worse than market expectations of a 16 percent fall.

38. Separate official data showed retail sales jumped back almost to pre-coronavirus lockdown levels in June, when non-essential stores in England reopened.

In the United Kingdom, Retail sales are seasonal, volatile and relatively important to the overall economy. TEForecast Email Tap to Whatsapp Share Tweet. It is the biggest slump in retail sales on record, due to the coronavirus pandemic and restrictive measures imposed such as stores and business closures. Retail Sales MoM UK retail sales bounce back near pre-lockdown levels in June: ONS Source: Xinhua| 2020-07-24 23:38:29|Editor: huaxia. Sales volumes still 13% down on year as most shops closed. Excluding auto fuel, sales dropped 15.2 percent.Retail sales in the UK plunged 5.1 percent month-over-month in March of 2020, the biggest drop on record as many stores closed staring March 23th following government guidance during the coronavirus pandemic.

Retail Sales MoM UK retail sales partly recovered in May, driven by DIY stores and garden centres reopening amid the lockdown. Year-on-year, retail sales went down 5.8 percent, also the biggest decline ever. The PMI for services, representing most of Britain's economy, rose to 56.6 in July from 47.1. Biggest declines were seen for sales of fuel (-52 percent), clothing and footwear (-50.2 percent) and household goods (-45.4 percent). The surge suggested Britain's economy would return to growth in the third quarter after shrinking by more than 25% in March and April, Chris Williamson, chief business economist at PMI compiler IHS Markit, said. The figure, its highest since June 2015 and above the euro zone's reading for this month, was better than all forecasts in a Reuters poll of economists.

Retail Sales MoM On the other hand, sales for non-store retailing jumped at a record 18 percent and sales for alcohol stores went up 2.3 percent. While the PMI indicated a quickening of growth, it did not signal a return to normal levels of output across businesses, which some economists think could take years. Figures came worse than market expectations of a 4 percent decline. Also, sales decreased 9.5 percent in Q2 compared to Q1 with declines across all store types except food and non-store retailing. The PMI's gauge of employment worsened in July, chiming with other indicators that suggest a wave of job cuts is on the way.UK government budget forecasters have warned the jobless rate could rise to its highest since the mid-1980s this year.Bank of England interest-rate setter Jonathan Haskel said yesterday that Britain's economic recovery from the coronavirus crisis could be slow and it would depend on whether people felt confident that it was safe to go out.

Sunday, 5 April, 2020. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. In the three months to March 2020, retail sales fell by 1.6 percent when compared with the previous three months, with strong declines in non-food stores and fuel.In the United Kingdom, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. But IHS Markit said demand was weaker than expected for some businesses after the lockdown lifted for bars and restaurants on July 4. The factory PMI rose to 53.6 from 50.1 in June, its highest level since March 2019.RTÉ.ie is the website of Raidió Teilifís Éireann, Ireland's National Public Service Broadcaster. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. by Lewis Catchpole. Still, compared to February, the purchases are down 0.6 percent. Retail sales in the UK plunged 5.1 percent month-over-month in March of 2020, the biggest drop on record as many stores closed staring March 23th following government guidance during the coronavirus pandemic. Sales volumes in June leapt by 13.9% from May, above all forecasts in a Reuters poll of economists, as spending on clothes and home improvements jumped.

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