Source: Office for National Statistics UK retail sales volumes fell 1.4% in March, with the biggest driver emerging from non-store retailing, which plunged 7.9%. FTSE 100 down -0.64%, GBP USD down -1.06% Online sales dropped significantly last month, with shoppers cutting unnecessary purchases as the cost-of-living crisis started to bite.Online sales bore the burden, … [Read more...] about British Retail Sales Fall by 1.4% in March on Rising Cost of Living
Retail Sales
US Retail Sales Rise by 0.5% in March as Gasoline Prices Soar
Source: Census Bureau Retail and food services sales in the US were valued at $665.7 billion in March, an increase of 0.5% from the previous month. SPY is down -0.46%, DXY is up +0.84%. The surge in retail sales in March was largely attributed to higher spending due to inflationary pressures, especially gasoline, which saw an 8.9% jump.Excluding motor vehicles and … [Read more...] about US Retail Sales Rise by 0.5% in March as Gasoline Prices Soar
Retail Sales Increase by a Marginal 0.3% In Euro Area and EU in February
Source: Eurostat The Euro area and EU posted a marginal 0.3% increase in retail sales in February, compared to a gain of 0.2% and 0.5%, respectively, in January. DAX is up +0.45%, EURUSD is down -0.01%. In the euro area, retail sales rose the highest in the automotive fuels category at 3.2% and 0.8% in non-food products. The sales fell by 0.5% in the foods, drinks, and … [Read more...] about Retail Sales Increase by a Marginal 0.3% In Euro Area and EU in February
