The British retail surveys compare sales with a year earlier so the picture can be distorted at this time of year because of the variable timing of Easter. Easter fell on 18-21 April last year but on 3-6 April this year.…
The British retail surveys compare sales with a year earlier so the picture can be distorted at this time of year because of the variable timing of Easter.
Easter fell on 18-21 April last year but on 3-6 April this year. The March 2015 BRC retail survey ran from 1 March to 4 April so will have captured some of this year's Easter weekend but not all of it.
Calculating growth in the volume of retail sales from the BRC survey data on the nominal value of retail sales and its shop priceindex generates a growth rate of 6.8% yoy in April, double the March BRC calculation.
"This would imply mom growth in the official volume of retail sales of as much as 1.5% mom which we think is an excessive estimate as the relationship between the BRC and official data is not perfect. We predict growth of 0.8% mom", Said Societe Generale in a report on Monday.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
