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UK Retail Sales rose by 1.3%

The volume of retail sales in April 2016 is estimated to have increased by 4.3% compared with April 2015. The underlying pattern in the data, as suggested by the 3 month on 3 month movement in the quantity bought, increased by 0.3%. Compared with March 2016, the quantity bought in the retail industry is estimated to have increased by 1.3%. Analysts were predicting 0.6% increase.
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US Retail Sales at a highest level in a year

Sales at retailers jumped in April by the most in a year, indicating consumer spending will help the U.S. economy recover from an early-year slowdown. Purchases climbed 1.3% last month, the biggest gain since March 2015, after a 0.3% drop the prior month that was smaller than previously reported, Commerce Department figures showed Friday in Washington. The median forecast of 82 economists surveyed by Bloomberg called for a 0.8% gain. Healthier household finances, reflecting reduced borrowing and increased savings, mean consumers have the wherewithal to boost spending even as gasoline prices rise and job growth moderates. That can help shore up profits at retailers such as Macy’s Inc. after a disappointing start to 2016. Read more...

Australian Retail Sales rose 0.4%

The seasonally adjusted Australian Retail Sales rose 0.4% in March 2016. Analysts were predicting 0.3% increase. This follows a rise of 0.1% in February 2016 and a rise of 0.4% in January 2016. In trend terms, Australian turnover rose 3.6% in March 2016 compared with March 2015.The following industries rose in trend terms in March 2016: Food retailing (0.1%), Clothing, footwear and personal accessory retailing (0.7%), Household goods retailing (0.2%), Other retailing (0.2%) and Department stores (0.1%). Cafes, restaurants and takeaway food services (0.0%) was relatively unchanged in trend terms in March 2016. 
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UK Retail Sales fell more than expected

Continuing a sustained period of year-on-year growth, the volume of retail sales in March 2016 is estimated to have increased by 2.7% compared with March 2015. This was the 35th consecutive month of year-on-year growth. The underlying pattern in the data, as suggested by the 3 month on 3 month movement in the quantity bought, showed growth for the 28th consecutive month, increasing by 0.8%.
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