The 'Retail Sales MoM' in the UK measures the monthly percentage change in the total value of inflation-adjusted sales at the retail level. It is a key indicator of consumer spending, which is a major component of the UK's GDP. Strong retail sales growth can signal a healthy economy and may lead to increased investor confidence, potentially impacting currency and stock markets. Conversely, weak retail sales can indicate economic slowdown, influencing monetary policy decisions by the Bank of England.
The 'Retail Sales MoM' in the UK measures the monthly percentage change in the total value of inflation-adjusted sales at the retail level. It is a key indicator of consumer spending, which is a major component of the UK's GDP. Strong retail sales growth can signal a healthy economy and may lead ...