Clifford Beaumont: UK Retail Sales Tumble (1888 PressRelease) Clifford Beaumont: UK consumer spending at 13 year low in October as BoE increases rates.

Slides:



Advertisements
Similar presentations
© Kantar Worldpanel 1 A SUMMARY UPDATE OF GROCERY AND SHOPPER TRENDS up to and including CHRISTMAS 2009 A Presentation to the National Consumer Agency.
Advertisements

© Kantar Worldpanel A Summary Update of the Irish Grocery Market to 3 rd October 2010.
Chapter 13 Economic Challenges.
Inflation Targets and Measurement A2 Economics. Central Banks and Targets Price stability is the primary objective for monetary policy and subordinates.
Fiscal and Monetary policy
{ Consumer Price Index Evan Creedon, Catherine Cropp, Luke Forker, Ned Moore, and Eric Hostvedt.
Current Crisis Ancient Philosophy economic growth averaged 4 percent per year and continued for a record 116 months The economy created the.
Chapter 14 The Monetary Policy Approach to Stabilization.
UK Construction Prospects Presented by: Allan Wilén, Economics Director Date: 23 rd October 2012.
The London Economy Justine Lovatt - LCCI Economist 19 February 2003.
Richard Arana Andres Gomez Rodrigo Camacho Daniel Batista.
The Mortgage Event Barry Naisbitt Chief Economist Abbey The Economy – An Overview Barry Naisbitt Chief Economist, Abbey October 2005.
Essential Standard 1.00 Understand the role of business in the global economy. 1.
1 Copyright  2000 by The McGraw-Hill Companies, Inc. All rights reserved The US Economic Outlook: The Pause That Refreshes Waterville Valley, New Hampshire.
INFLATION CONTROL OF VIETNAM 2012 Ms. Busaba Butrat Thai Trade Center Hanoi May 2012.
© Kantar Worldpanel A Summary Update of the Irish Grocery Market to 26 December 2010.
Macroeconomic Performance AS Economics Unit 2. Aims and Objectives Aim: To understand measures of unemployment and inflation as measures of macroeconomic.
GLOBAL ECONOMICS (International Trade) Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” Day 16 卜安吉.
Credit Card Trends and Opportunities: Econometric and UK Consumer Trends.
DANIEL LEE OCTOBER 2015 BSB 2015 CONFERENCE THE CURRENT UK ECONOMIC CLIMATE FOR BUSINESS.
Inflation To understand what inflation is To identify how inflation might affect businesses To evaluate how businesses might respond to inflation Starter:
Dr Marek Porzycki Chair for Economic Policy.  Euro area quantitative easing – ECB expanded asset purchase programme, 22 January 2015, and recent monetary.
1 Unit 3 Measurement and Fiscal Policy. 2 Table of Contents.
Inflation as a way to measure performance of developed and developing countries.
Interest and Exchange Rates. Interest Rates The Bank of England changes the interest rate in order to control the rate of ____________. The Bank of England.
Japan- Sick Economy Presented by: Cheong Jia Ni Ho Chin Sian Lim Pei Shan Pan Hui Hui Xiao Jun Hui.
Inflation Report November Demand Chart 2.1 Nominal GDP and domestic demand (a) (a) At current market prices.
Essential Standard 1.00 Understand the role of business in the global economy. 1.
MONETARY POLICY. What is it?  The use of interest rates and the money supply to control aggregate demand in the economy.
DataPost GDP Measuring the Economy Federal Reserve Bank of San Francisco Economic Education Group Date last updated: September 8, 2014.
Monetary Policy A demand-side policy – shifts AD (secondarily affects AS) 1. Changes in short-term interest rates to influence the level of AD & inflation.
Brexit, Stagnant Oil Prices, Tumbling Retail Industries and a Looming Presidential Election: What Trade Vendors Need To Know Going into the Second Half.
6.3 Monetary and interest rate policy
1888PressRelease - Sapporo International: Bank of Japan Faces Growing Concern
Inflation October 2016 Learning objective: To understand the definition of inflation and be able to evaluate which parts of the economy lose or win as.
MODULE 17 Aggregate Demand: Introduction and Determinants
IRISH GROCERY MARKET REVIEW
1888PressRelease - Less skilled labor entering Britain as a result of Brexit may make it more difficult.
SA Economic Indicators
ROI GROCERY MARKET REVIEW Period ending 02 October 2011
A Summary Update of the Irish Grocery Market to 26 December 2010
GDP Measuring the Economy
1888PressRelease - Clifford Beaumont: Regulators Warn EU to Prepare for Brexit
1888 Press Release - Burton Mills: UK Housing Price Growth Accelerates
Give Mom (and the Economy) a Lift with a Gift
A Summary Update of the Irish Grocery Market to 3rd October 2010
GDP Measuring the Economy
Thanksgiving More Food, More Football, More Shopping.
1888PressRelease - Burton Mills: China Economy Continues to Slow
(1888 PressRelease) Clifford Beaumont: Japanese Economic Growth Rises For 7th Consecutive Quarter
1888pressrelease - Burton Mills: Britain’s Economic Growth to Remain Weak
1888PressRelease - Hamilton Crawford: UK Property Prices Slump
(1888 PressRelease) Clifford Beaumont: OPEC to Extend Oil Cuts to End of 2018
Monetary Policy A demand-side policy – shifts AD (secondarily affects AS) 1. Changes in short-term interest rates to influence the level of AD & inflation.
Link to Economics specification
ROI GROCERY MARKET REVIEW
1888 Press Release - Hamilton Crawford - Euro zone retail sales suffer in February
(1888 PressRelease) Hamilton Crawford - UK wage growth lags inflation even as jobless rate hits new low
(1888 PressRelease) Hamilton Crawford - BoE to Leave Rates Unchanged
(1888 PressRelease) Hamilton Crawford - Weaker Trade Halves German Economic Growth
Outlook for UK economy March 2017
International Developments in Accounting ACFI 3217
How has the Brexit vote affected the UK economy?
SA Economic Indicators
Ecommerce Grabs More Holiday Shopping Dollars
Menswear Market Generates Significant Sales Increase
The Happiest Holidays for Years
SHORT-RUN ECONOMIC FLUCTUATIONS
July MLS Sales Statistics
GDP Measuring the Economy
Presentation transcript:

Clifford Beaumont: UK Retail Sales Tumble (1888 PressRelease) Clifford Beaumont: UK consumer spending at 13 year low in October as BoE increases rates for first time in more than a decade. UK consumer spending dropped at its most accelerated rate in more than a decade. The last October to see consumers restrict spending as much was October With inflation rising, consumers drastically reduced their purchases of non-essential and non-food goods according to a recent survey by Taipei, Taiwan-based investment boutique, Clifford Beaumont. According to the BRC (British Retail Consortium), retail sales figures decreased by 1.0 percent on a yearly basis, which discounts shifts in store size, compared with 1.9 percent a month earlier. Last week, the Bank of England hiked interest rates for the first time in over a decade. Economists at Clifford Beaumont believed that the interest rate hike would be a bad move in light of the state of consumer finances which have been pressured by rising inflation since 2016’s Brexit referendum when the UK voted to exit the European Union. The BRC stated that its data was reason for trepidation leading up to the festive season. In a statement to the media, BRC chief executive Helen Dickinson said that the fall in consumer spending was fueled by the most negative performance of non-food sales since the beginning of Clifford Beaumont economists stated that although growth in food sales figures were positive, these were largely supported by rising inflation.

Dickinson added that the rate hike implemented last week would add further burden already tight household budgets. Consumer price inflation exceeded the Bank of England’s target of 2 percent and reached 3 percent in September, its highest level since