Retail Sales

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UK Retail Sales Growth Slows in May as Rising Food Costs Dampen Consumer Spending

London, UK – The British Retailers Consortium (BRC) reported that retail sales growth in the UK reached its lowest level in seven months in May. The surge in food prices has compelled shoppers to rein in unnecessary spending, shattering expectations of a sales boost during the three-day holiday period. According to the BRC, in-store spending …

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German Retail Sales Fall Short of Expectations with 0.8% Increase in April

The Federal Statistical Office of Germany has released data indicating that German retail sales in April showed a smaller-than-expected increase when compared to the previous month. According to the information provided, retail sales in Germany rose by 0.8% on a month-on-month basis in April. However, this figure fell short of analysts’ expectations, who had anticipated …

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South Korea’s Industrial Production and Retail Sales Experience Slowdown in April

The Bureau of Statistics in South Korea has released data revealing a significant decline in the country’s industrial production and retail sales in the month of April. The drop in industrial production can be primarily attributed to the continued slowdown in chip manufacturing, while the manufacturing sector witnessed a record high in inventories. Industrial production …

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Australian Retail Sales Remain Stagnant in April, Aligning with Analyst Expectations

According to the latest report from the Australian Bureau of Statistics (ABS), retail sales in Australia showed no growth in the month of April. This follows a modest 0.4 percent gain in March and aligns with analysts’ predictions, which anticipated a marginal 0.2 percent increase in April. The subdued performance of retail sales can be …

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British Retail Sales in April Exceed Expectations Despite Rising Inflation

The Office for National Statistics (ONS) has released data on UK retail sales in April, revealing stronger-than-expected growth and indicating robust consumer spending. This comes as a positive sign, despite the backdrop of rising inflation. According to the ONS, retail sales in April showed a month-on-month increase of 0.5%, surpassing the 1.2% decline witnessed in …

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China reveals retail sales and industrial output below expectations in April

China’s National Bureau of Statistics (NBS) reported that the country’s industrial output and retail sales growth were below expectations in April. These results suggest that the Chinese economy may weaken further in the second half of this year. The disappointing figures also indicate that China’s economic recovery from the COVID-19 pandemic remains weak. According to …

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UK Retail Sales Steady in April as Buyers Hesitate to Spend Amid High Inflation and Unfavorable Weather

The latest survey conducted by the British Retail Consortium (BRC) has revealed that growth in UK retail sales remained steady in April. However, the report suggests that consumers are reluctant to spend due to high inflation and unfavorable weather conditions. According to the BRC, sales at association member stores in April increased by 5.1% year-on-year, …

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