FOREX TradingCharts.com

Financial News: Amended: UK Retail Sales Recover In May- CBI

Amended: UK Retail Sales Recover In May- CBI

05/28/2024 - 09:13:00 (RTTNews)

(RTTNews) - corrects second para

UK retail sales recovered in May and selling price inflation continued to ease, survey results from the Confederation of British Industry showed Tuesday.

The retail sales balance rose to +8 percent from -44 percent in April, latest Distributive Trades Survey results revealed.

At the same time, selling price inflation weakened in May with the balance easing to 20 percent from 54 percent in February. This was the lowest since August 2020.

A net 4 percent retailer expects sales volumes to fall next month.

CBI lead economist Alpesh Paleja said easing inflation and continuing real wage growth will contribute to a healthier consumer outlook, in turn supporting the retail sector further.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


German Private Sector Expands Modestly In June (10 hr(s), 10 min(s), 09 sec(s) ago)
(RTTNews) - Germany's private sector expanded for the third straight month in June, though the ...Full Story»

U.S. Leading Economic Index Falls More Than Expected In May (10 hr(s), 50 min(s), 09 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Friday showed its reading on leading U.S. ...Full Story»

U.S. Existing Home Sales Decrease Roughly In Line With Estimates In May (10 hr(s), 53 min(s), 09 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Friday showing existing home ...Full Story»

UK Private Sector Grows At Slowest Pace In 7 Months (12 hr(s), 0 min(s),09 sec(s) ago)
(RTTNews) - The UK private sector growth weakened to a seven-month low in June as the slowdown in ...Full Story»

UK Public Debt Highest Since 1960s; Budget Deficit Remains Below Estimate (12 hr(s), 41 min(s), 09 sec(s) ago)
(RTTNews) - The UK public sector net debt rose to its highest level since early 1960s, while publi ...Full Story»

German Private Sector Expands Modestly In June (13 hr(s), 35 min(s), 09 sec(s) ago)
(RTTNews) - Germany's private sector expanded for the third straight month in June, though the ...Full Story»

German Residential Property Prices Fall For 6th Quarter (13 hr(s), 51 min(s), 09 sec(s) ago)
(RTTNews) - House prices in Germany declined for a sixth consecutive quarter in the first three mo ...Full Story»

Ireland Wholesale Price Inflation Eases To 0.9% (14 hr(s), 16 min(s), 09 sec(s) ago)
(RTTNews) - Ireland's wholesale price inflation moderated in May to the lowest level in seven ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

German Private Sector Expands Modestly In June

06/21/2024 - 11:27 AM (RTTNews)
(RTTNews) - Germany's private sector expanded for the third straight month in June, though the ...Full Story>>

U.S. Leading Economic Index Falls More Than Expected In May

06/21/2024 - 10:47 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Friday showed its reading on leading U.S. ...Full Story>>

U.S. Existing Home Sales Decrease Roughly In Line With Estimates In May

06/21/2024 - 10:44 AM (RTTNews)
(RTTNews) - The National Association of Realtors released a report on Friday showing existing home ...Full Story>>

UK Private Sector Grows At Slowest Pace In 7 Months

06/21/2024 - 09:37 AM (RTTNews)
(RTTNews) - The UK private sector growth weakened to a seven-month low in June as the slowdown in ...Full Story>>

UK Public Debt Highest Since 1960s; Budget Deficit Remains Below Estimate

06/21/2024 - 08:56 AM (RTTNews)
(RTTNews) - The UK public sector net debt rose to its highest level since early 1960s, while publi ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.