The 'Retail Sales YoY' in the UK measures the percentage change in retail sales compared to the same month in the previous year, reflecting consumer spending trends. It is a key indicator of economic health, as it provides insights into consumer confidence and purchasing power, influencing GDP growth. Strong retail sales can boost financial markets by signaling economic strength, while weak sales may lead to concerns about economic slowdown. This data is closely watched by policymakers, investors, and analysts to gauge economic momentum and make informed decisions.
The 'Retail Sales YoY' in the UK measures the percentage change in retail sales compared to the same month in the previous year, reflecting consumer spending trends. It is a key indicator of economic health, as it provides insights into consumer confidence and purchasing power, influencing GDP gr...