Economy – Page 7
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NewsCity snapshot: Wet weather and strikes deal surprise blow to UK economy
The UK economy contracted more than expected in July as wet weather and industrial action hit retail spending and affected construction activity, according to official figures released this morning.
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NewsCity snapshot: Grocery inflation falls to lowest level for over 12 months
Grocery price inflation has dropped to its lowest level in over 12 months at 12.2% for the four weeks to 3 September 2023, according to the latest data from Kantar
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NewsCity snapshot: UK retail sales boosted by improved consumer confidence
UK retail sales were up 4.1% in August as consumer confidence improved amid easing inflation. Plus PZ Cussons makes offer for Nigerian business, trading update from DS Smith and all the latest news from the City
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NewsPlastic tax needs ‘urgent rethink’ following Treasury’s £280m windfall
Earlier this month, figures from HMRC revealed the tax generated £276m in its first year of operation, £40m more than estimated by the Treasury before it was introduced
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Comment & OpinionWhy you must understand the shoppers your ad didn’t reach
Retail media is a closed loop – most importantly, you know who buys the product without seeing the ad, says Joel Hopwood, co-founder at SMG
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NewsCity snapshot: UK food inflation continues to decelerate
Annual shop price inflation dropped to 6.9% in August as food inflation continues to decelerate, albeit food price growth remains in double digits
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NewsCity snapshot: UK consumer confidence improves in August
UK consumer confidence continued to improve in August as falling inflation has boosted economic expectations
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NewsCity snapshot: Grocery sales growth slows to lowest level since January
Poor weather and persistent inflation hit volumes throughout July
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NewsCity snapshot: Wet weather dampens UK retail sales in July
UK retail sales fell back last month as wet weather and persistent inflation hit sales volumes
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NewsCity snapshot: Easing inflation drives grocery sales growth slowdown
UK grocery sales growth fell back sharply in July as price inflation continues to ease, according to the latest market share figures from Kantar
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NewsCity snapshot: Recession fears ease as UK GDP jumps 0.5% in June
UK GDP grew by an unexpectedly strong 0.5% in June to take overall growth for the second quarter to 0.2%
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NewsCity snapshot: Wet weather dampens UK retail demand
UK retail sales growth fell back in July as damp weather and persistent inflation hit shopper activity, according to the monthly BRC-KPMG retail sales monitor
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NewsCity snapshot: July retail sales rebound despite wet weather
July saw small increase in sales, according to data from accountancy firm BDO, but slowed in the second half of the month by wet weather
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NewsCity snapshot: Warm weather boosts June retail sales
The hottest June on record boosted UK retail sales last month, according to the BRC-KPMG Retail sales monitor, though sales growth continues to significantly lag inflation
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NewsCity snapshot: Warm weather boosts grocery sales volumes in June
A June heatwave helped improve grocery volumes and saw sales edge upwards, according to new data from NIQ
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NewsGrocery price inflation eases to its lowest level since 2022
Like-for-like grocery price inflation has dropped to its lowest level since 2022 and now sits at 16.5%, according to the latest market share data from Kantar
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Comment & OpinionFood price caps should be resisted by ministers at all costs
The lessons of failed market interventions in the 1960s and 1970s are clear, says Ian Wright, co-chair of the Food & Drink Export Council
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NewsCity snapshot: UK retail sales fall for the first time in three years
Like-for-like UK retail sales fell back in May to end a 26-month run of positive growth, according to figures from BDO
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Comment & OpinionHow the north-south divide is playing out in cost of living crisis
Real household inflation is not equal across the UK when weighted for the proportion of household spend, says Steph Cullen, head of UK CPG at Circana
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NewsCity snapshot: UK retail sales bounce back in April
UK retail sales volumes have bounced back to growth of 0.5% in April, following a fall of 1.2%