Increase in UK retail sales: key statistics and economists reaction
Oct.
Seven (previous)
Forecast
"The last digits of UK retail suggests that consumption of recovery, so that a little dull, has not turned again." Retail sales volumes increased in October for the first time in three months by a fairly decent 0.5% on the month.Having said that, only reverse rising half of the decline observed in the previous two months, while the annual growth rate has fallen into negative territory.
"What, sales may well receive a temporary boost as consumers begin to advance expenses in advance of the VAT increase." Clearly this store just weak 2011.En effect early, even if spending receives an extra boost of VAT in the weeks of the year, the prospects for next year remain quite dark.
"Given the importance of spending on the global economy consumers, decent improvement in October retail sales is largely favourable to hopes that GDP growth held well in the fourth quarter after healthy expansion in the second and third quarters."
"It is likely that retail sales will benefit in a measure limited in the past this year consumers looking to purchase more expensive items in advance of the increase in tax on January weeks value ajoutée.détaillants also ardently hope that consumers decide to splashing and have a good Christmas despite their concerns and uncertainties about the Economic Outlook."
?More outside though, concern remains that the consumer will be curb their spending to the severe winds.?This would clearly limit the overall economic growth.?
"We had slightly higher sales over the months, we have 0.3 and 0, expecting the market thing, namely that we always insists 2. here back revisions could be lost in the noise is."
"I am sure that most people would point one greater than the expected number of retail, if you ask them what as their annual planned for the year to October retail market expected 1.5, the figure is now 1.2.".
"So if you're really on the situation as a whole, in other words, revision back the data that we are concerned is the level of retail sales and indeed we found in a smaller place because reviewed data.
"As did retail sales no great surprises, October figures are largely that planned us their and although the figures of September have been revised down, the most important question is once more retail sales do moving forward and after the VAT hike in January and the rest of the year as gets it tighter fiscal train."
"growth month - 0.5% on the nominal value is a number fairly respectable.Mais you must keep in mind is an improvement after declines successives.Il is also supported by sales of fuel automobile.La underlying growth was quite slow."
"Wage inflation is very low and employment growth is very faible.Si any increase is eroded by inflation .and the year on year growth is always negative."
"If I have to say that it is likely to get worse before it gets better."
"They are largely online wih the marché.Notre expectations sense is that retail sales and more generally consumer spending remains strong in Q4 as people submit their costs in advance of the increase in VAT rates in January."
"Q1, however, will be weak and forward next year, we expect anemic growth of consumption".
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