1.3% Revised from 1.2%
Retail Sales y/y measure changes in the value of retail goods sold in the UK during the given month compared to the same month of the previous year. The calculation uses season-adjusted data from British retailers.
It is one of key economic indicators which is used in forecasting, budgeting and in the development of the UK financial and economic policy. The retail sales growth is seen as positive for the pound sterling.