{"id":38949,"date":"2021-02-19T08:43:13","date_gmt":"2021-02-19T08:43:13","guid":{"rendered":"https:\/\/errante.com\/newsroom\/uk-retail-sales-drop-despite-online-surge\/"},"modified":"2021-02-19T08:43:13","modified_gmt":"2021-02-19T08:43:13","slug":"uk-retail-sales-drop-despite-online-surge","status":"publish","type":"post","link":"https:\/\/errante.com\/id\/newsroom\/uk-retail-sales-drop-despite-online-surge\/","title":{"rendered":"UK Retail Sales Drop Despite Online Surge"},"content":{"rendered":"\n<h2 class=\"tb-heading\" data-toolset-blocks-heading=\"3a94a5f5ac99f0c5642cb0af3ba9a028\" data-last-update=\"1.4\">UK\u00a0Retail\u00a0Sales\u00a0Drop\u00a0Despite\u00a0Online\u00a0Surge\u00a0<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.ons.gov.uk\/businessindustryandtrade\/retailindustry\/bulletins\/retailsales\/january2021#:~:text=In%20January%202021%2C%20retail%20sales,%2D19)%20restrictions%20affected%20sales.\" target=\"_blank\" rel=\"noreferrer noopener\">UK retail sales tumbled 8.2% in January<\/a>&nbsp;from December, according to the Office for National Statistics. The decline is far bigger than the 2.5% drop predicted by City economists. Sales were down 5.5% when compared with January 2020.&nbsp;<\/p>\n\n\n\n<p>All non-essential shops had to shut again in January after a new lockdown was declared to stop the spread of new Covid-19 variants. This obviously affected sales, but not to the same extent as the first coronavirus lockdown last spring, when sales slumped by 22.2% in April compared with the pre-pandemic level in February.&nbsp;<\/p>\n\n\n\n<p>Sales fell in all sectors except for non-store retailers and food stores, which reported growth of 3.7% and 1.4% respectively. Online spending surged to 35.2% in January, the highest on record and up from 29.6% in December. All store types reported higher online sales, with supermarkets and other food stores reaching a historic high of 12.2% of sales made online.\u00a0<\/p>\n\n\n\n<h2 class=\"tb-heading\" data-toolset-blocks-heading=\"3a94a5f5ac99f0c5642cb0af3ba9a028\" data-last-update=\"1.4\">Positive News for the GBP\u00a0<\/h2>\n\n\n\n<p>A quick vaccine rollout and a brighter outlook for the economy have boosted UK consumer confidence to the highest level in almost a year.&nbsp;<\/p>\n\n\n\n<p>The UK consumer confidence index, a measure of how people view the state of their personal finances and wider economic prospects, rose 5 points to an 11-month high of minus 23 in February, according to closely watched data published on Friday by research company GfK.&nbsp;<\/p>\n\n\n\n<p>The uptick, based on data collected in the first 12 days of February, was stronger than the consensus forecast of a small rise to minus 27 from a Reuters poll of economists.&nbsp;<\/p>\n\n\n\n<p>The improved sentiment has fuelled hopes of a strong rebound in consumer spending. Joe&nbsp;Staton, GfK\u2019s client strategy director, said that the jump in the headline confidence score, driven by a 14-point rise in the outlook for the economy over the coming year, made it \u201c<a href=\"https:\/\/www.marketwatch.com\/story\/uk-consumer-confidence-rises-2021-02-18?link=MW_latest_news\" target=\"_blank\" rel=\"noreferrer noopener\">tempting to talk of a return to normality<\/a>\u201d.&nbsp;<\/p>\n\n\n\n<p>He said the two-point rise in consumers\u2019 view of their personal financial situation was particularly encouraging, as this would feed through into spending and in turn \u201cfuel the post-pandemic economy\u201d. The rise in confidence was also underpinned by a five-point increase in consumers\u2019 view of whether it was a good time to make major purchases.&nbsp;<\/p>\n\n\n\n<p>The GBP is up&nbsp;at market open&nbsp;to&nbsp;<a href=\"https:\/\/finance.yahoo.com\/quote\/GBPUSD=X\/\" target=\"_blank\" rel=\"noreferrer noopener\">1.3984<\/a>&nbsp;against the USD.&nbsp;<\/p>\n\n\n\n<p>The UK banking sector will be in focus&nbsp;today&nbsp;as NatWest posts annual earnings, following results from Barclays on Thursday.&nbsp;<\/p>\n\n\n\n<p>Keep an eye on the\u00a0<strong>GBP crosses<\/strong>\u00a0for an opportunity to trade!\u00a0<\/p>\n\n\n\n<p>If you have any questions, please email our <a rel=\"noreferrer noopener\" href=\"mailto:educationcentre@errante.com\" target=\"_blank\">Education Centre<\/a>.<\/p>\n\n\n\n<p>If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email&nbsp;<a href=\"mailto:support@errante.com\">support@errante.com<\/a>.<\/p>\n\n\n\n<p>We are&nbsp;<strong>Errante. Trading made personal<\/strong>.<\/p>\n\n\n\n<p>Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [<a href=\"https:\/\/fsaseychelles.sc\/regulated-entities\/capital-markets\/\" target=\"_blank\" rel=\"noreferrer noopener\">SD038<\/a>].<\/p>\n\n\n\n<p>To find out more about Errante, visit&nbsp;<a href=\"https:\/\/errante.com\/id\/\">https:\/\/errante.com\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK retail sales tumbled 8.2% in January&nbsp;from December, according to the Office for National Statistics. The decline is far bigger than the 2.5% drop predicted by City economists. Sales were down 5.5% when compared with January 2020.&nbsp; All non-essential shops had to shut again in January after a new lockdown was declared to stop the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":29504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[13780,13779],"tags":[13784,20748,20750,20751,13789,20752,15748,20753],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.6 (Yoast SEO v22.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK Retail Sales Drop Despite Online Surge | Errante<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"id_ID\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Retail Sales Drop Despite Online Surge\" \/>\n<meta property=\"og:description\" content=\"UK retail sales tumbled 8.2% in January&nbsp;from December, according to the Office for National Statistics. The decline is far bigger than the 2.5% drop predicted by City economists. Sales were down 5.5% when compared with January 2020.&nbsp; All non-essential shops had to shut again in January after a new lockdown was declared to stop the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/errante.com\/id\/newsroom\/uk-retail-sales-drop-despite-online-surge\/\" \/>\n<meta property=\"og:site_name\" content=\"Errante\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-19T08:43:13+00:00\" \/>\n<meta name=\"author\" content=\"ckyriakidou\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Ditulis oleh\" \/>\n\t<meta name=\"twitter:data1\" content=\"ckyriakidou\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimasi waktu membaca\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 menit\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/errante.com\/id\/newsroom\/uk-retail-sales-drop-despite-online-surge\/\",\"url\":\"https:\/\/errante.com\/id\/newsroom\/uk-retail-sales-drop-despite-online-surge\/\",\"name\":\"UK Retail Sales Drop Despite Online Surge | Errante\",\"isPartOf\":{\"@id\":\"https:\/\/errante.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/errante.com\/id\/newsroom\/uk-retail-sales-drop-despite-online-surge\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/errante.com\/id\/newsroom\/uk-retail-sales-drop-despite-online-surge\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/errante.com\/wp-content\/uploads\/2021\/02\/Errante-UK-Retail-Sales-Drop-Despite-Online-Surge-.jpg\",\"datePublished\":\"2021-02-19T08:43:13+00:00\",\"dateModified\":\"2021-02-19T08:43:13+00:00\",\"author\":{\"@id\":\"https:\/\/errante.com\/#\/schema\/person\/ef509dff2f56ae8df9b5bbc842664588\"},\"breadcrumb\":{\"@id\":\"https:\/\/errante.com\/id\/newsroom\/uk-retail-sales-drop-despite-online-surge\/#breadcrumb\"},\"inLanguage\":\"id\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/errante.com\/id\/newsroom\/uk-retail-sales-drop-despite-online-surge\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"id\",\"@id\":\"https:\/\/errante.com\/id\/newsroom\/uk-retail-sales-drop-despite-online-surge\/#primaryimage\",\"url\":\"https:\/\/errante.com\/wp-content\/uploads\/2021\/02\/Errante-UK-Retail-Sales-Drop-Despite-Online-Surge-.jpg\",\"contentUrl\":\"https:\/\/errante.com\/wp-content\/uploads\/2021\/02\/Errante-UK-Retail-Sales-Drop-Despite-Online-Surge-.jpg\",\"width\":1140,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/errante.com\/id\/newsroom\/uk-retail-sales-drop-despite-online-surge\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/errante.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UK Retail Sales Drop Despite Online Surge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/errante.com\/#website\",\"url\":\"https:\/\/errante.com\/\",\"name\":\"Errante\",\"description\":\"Trading Made Personal\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/errante.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"id\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/errante.com\/#\/schema\/person\/ef509dff2f56ae8df9b5bbc842664588\",\"name\":\"ckyriakidou\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"id\",\"@id\":\"https:\/\/errante.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/85096136f57d9d2e162abc4243c604fb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/85096136f57d9d2e162abc4243c604fb?s=96&d=mm&r=g\",\"caption\":\"ckyriakidou\"},\"url\":\"https:\/\/errante.com\/id\/newsroom\/author\/ckyriakidou\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"UK Retail Sales Drop Despite Online Surge | Errante","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"id_ID","og_type":"article","og_title":"UK Retail Sales Drop Despite Online Surge","og_description":"UK retail sales tumbled 8.2% in January&nbsp;from December, according to the Office for National Statistics. 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