Despite the high inflation, UK retail sales growth accelerated more than expected in June as good weather boosted food and non-food store sales, the Office for National Statistics reported Friday.
However, survey results from the market research group GfK showed that the consumer confidence weakened for the first time in six months in July. Separate data from the ONS today showed that the British budget deficit undershoot the government estimate in June. However, the deficit remained the third-highest for the month since records began in 1993.
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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.