UK retail sales grew at a faster pace in February boosted by the Valentine's Day celebrations despite the cost of living crisis, data published by the British Retail Consortium and accountancy firm KPMG showed on Tuesday. Separate data from Barclays showed that Britons cut back on their card spend on non-essential goods in February.
Like-for-like sales increased 4.9 percent year-over-year in February, following a 3.9 percent gain in January. That was almost in line with the expected rise of 4.8 percent.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.