Inflation

Private sector growth shows acceleration

Private sector growth has shown accelerated growth in the three months till December, according to the latest CBI Growth Indicator. Based on 642 respondents across the distribution, manufacturing and service sectors showed the balance of firms reporting a rise in output at +19 percent, compared with +6 percent in the…

Read More »

Inflation rises to its highest level for six years

Inflation rose to 3.1 percent in the month of November, figures from the Office of National Statistics (ONS) has revealed. According to the Consumer Prices Index (CPI), this was up from the three percent level seen in October, and is its highest level since March 2012. More expensive recreational goods…

Read More »

How safe is your job?

Despite a three percent drop in employment, Pet Gazette discovers that the retail sector is still going strong “The pace of job reductions in the retail industry is gathering steam,” says British Retail Consortium (BRC) chief executive Helen Dickinson OBE. In October, the BRC reported a record reduction in retail…

Read More »

Household finances slow UK spending growth

Consumer spending growth slowed to 2.4 percent in October as Brits cut back across the board to cope with household finances. Data from Barclaycard reveals that spending on essentials (2.9 percent) outstripped discretionary spend growth (2.2 percent) for the second month running. This slowdown in expenditure on ‘nice-to-haves’ was driven…

Read More »

Shop price deflation stays at four year low

For the second consecutive month, shop price deflation has remained 0.1 percent. According to figures from the British Retail Consortium (BRC) and Nielsen, September and October saw the shallowest rate in the last four years. Non-food products saw deflation of 1.5 percent. October’s food prices recorded the same increase as…

Read More »

UK retail sales growth slows more than expected

UK retail sales growth slowed more than predicted in the month of September, according to the Office of National Statistics (ONS). The figures showed that total sales fell by 0.8 percent when compared with August, making it much lower than the 0.1% drop that was expected. Year-on-year retail growth for Q3…

Read More »

August sees retail sales increase

In August, UK retail sales increased by 1.3 percent on a like-for-like basis from August 2016, according to the BRC. On a total basis, sales rose 2.4 percent in August, against a decline of 0.3 percent in August 2016, which had been the poorest performance of the year. This is…

Read More »

Retail sales increase by 0.3%

Retail sales increased by 0.3 percent in July 2017, compared with the previous month, according to the Office of National Statistics. This was due to strong sales in food stores at 1.5 percent; recovering from a fall of 1.1 percent in June 2017. The underlying pattern in the quantity bought, measured…

Read More »

Summer sunshine boosts retail sales

Retail sales growth picked up in the year to July, exceeding expectations for minimal growth, according to the latest monthly CBI Distributive Trades Survey. The survey of 111 firms, of which 57 were retailers, showed that the volume of sales grew at a healthy pace – driven by grocery and…

Read More »

Significant rise in business confidence

Overall business confidence has risen significantly since the start of the year, according to Lloyds Bank. The latest Business in Britain report from Lloyds Bank, based on data gathered after the snap election was called, showed that the confidence level had increased by 24 percent. The confidence index – an average of respondents’…

Read More »