UK retail sales rise by more than expected in August By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 20 2024
0mins
Should l Buy ?
Source: Investing.com
Retail Sales Growth: British retail sales increased by 1% in August, surpassing expectations, with July's growth revised to 0.7%. Factors contributing to this rise included warmer weather and end-of-season sales, although discretionary spending remains under pressure.
Consumer Confidence Decline: Despite the positive sales figures, consumer confidence has dropped to a six-month low due to concerns over the economic outlook and potential tax increases proposed by the new government.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
