Shop price inflation in the United Kingdom accelerated in October, as wet summer lifted food prices, a report from the British Retail Consortium (BRC) revealed Wednesday.
Shop price inflation accelerated to 1.5 percent in October from 1 percent in September.
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Shop price inflation in the UK accelerated to 1.5 percent in October from 1 percent in September, the British Retail Consortium (BRC) said in a report on Wednesday.
Food inflation increased to 4 percent from 3.1 percent in September.
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The U.K.'s national output grew at a weaker pace in the three months through October, the monthly gross domestic product estimates by the National Institute of Economic and Social Research (NIESR) showed Tuesday.
The estimates suggest that the output grew 0.
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New car registrations in the U.K. increased 12.1 percent year-on-year in October, despite declining demand trend across Europe, data published by Society of Motor Manufacturers and Traders (SMMT) revealed Tuesday.
New registrations totaled 151,252 units during the month.
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Retail sales in the United Kingdom increased in October, but same-store sales decreased, according to survey results released Tuesday by the British Retail Consortium.
The BRC's sales monitor showed a 1.1 percent increase in overall retail sales compared to October 2011.
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Quotes from Standard Chartered:
-There are strong arguments for avoiding further fiscal tightening, but a political U-turn is unpalatable to the government, and could place the UK's AAA-rating (negative outlook according to Fitch and Moody's) in jeopardy.
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Quotes from Standard Chartered:
-The dilemma for UK policy makers is acute, given the apparently weak impact of policy measures so far. The fiscal deficit remains higher than in most euro-area peripheral countries, yet further tightening risks curtailing the nascent recovery.
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Quotes from Standard Chartered:
-This week, Bank of England (BoE) policy makers are likely to pause the asset purchase programme; in a month's time (5 December) the Chancellor is likely to ignore calls to slow fiscal cuts. Policy is at a risky juncture.
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Business conditions across British manufacturing sector deteriorated for a sixth straight month in October, a survey by Markit Economics showed Thursday.
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The U.K. economy is expected to see a modest pick up in activity next year after stagnating this year, though external risks will persist well into 2014, the Confederation of British Industry (CBI) said in its latest report.
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British consumer confidence declined to a six-month low in October with households turning more worried over their own financial situation over the next 12 months, a survey by GfK NOP showed Wednesday.
The consumer confidence index rose to -30 in October from -28 in September.
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UK's high street sales increased for the second successive month in October, and the rate of growth exceeded economists' forecast, data from a survey by the Confederation of British Industry (CBI) showed Tuesday.
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British retail sales picked up much more than forecast in October.
The survey by the Confederation of British Industry showed the sales balance jumped to +30 from +6 in September against analysts' forecast of +7.
The expected sales balance for November stood at +27.
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