The 'Retail Sales ex Fuel MoM' in the UK measures the monthly change in the total value of retail sales, excluding fuel. This indicator is significant as it reflects consumer spending trends, a major component of economic activity, and can influence monetary policy decisions. It is closely watched by financial markets for insights into consumer confidence and economic health, often impacting currency and stock market movements. The exclusion of fuel provides a clearer view of underlying retail trends, as fuel prices can be volatile and distort overall retail sales figures.
The 'Retail Sales ex Fuel MoM' in the UK measures the monthly change in the total value of retail sales, excluding fuel. This indicator is significant as it reflects consumer spending trends, a major component of economic activity, and can influence monetary policy decisions. It is closely watche...