\u0130ngiltere\u2019de perakende sat\u0131\u015flar martta ayl\u0131k bazda %0,7 artt\u0131. Bu art\u0131\u015f, TD Securities\u2019in %0,1 tahmininin, piyasadaki genel beklentinin (de\u011fi\u015fim yok) ve \u00f6nceki verinin (-%0,4) \u00fczerinde ger\u00e7ekle\u015fti.<\/p>\n
Art\u0131\u015f\u0131n ana s\u00fcr\u00fckleyicileri g\u0131da ma\u011fazalar\u0131 ve akaryak\u0131t oldu. \u0130ste\u011fe ba\u011fl\u0131 harcamalarda (hanehalk\u0131n\u0131n zorunlu olmayan, ertelenebilir harcamalar\u0131) ise yayg\u0131n bir toparlanma oldu\u011fu s\u00f6ylenmedi.<\/p>\n
G\u0131da sat\u0131\u015flar\u0131, Paskalya\u2019n\u0131n takvim etkisiyle (bayram\u0131n bu y\u0131l\u0131n takviminde farkl\u0131 bir tarihe denk gelmesi nedeniyle talebin aya kaymas\u0131) desteklendi. Akaryak\u0131t sat\u0131\u015flar\u0131 da, daha erken akaryak\u0131t al\u0131mlar\u0131 ve daha y\u00fcksek fiyatlar\u0131n harcamay\u0131 yukar\u0131 \u00e7ekmesiyle toplam\u0131 g\u00fc\u00e7l\u00fc bi\u00e7imde art\u0131rd\u0131.<\/p>\n
Ciro (sat\u0131\u015flar\u0131n parasal de\u011feri) art\u0131\u015f\u0131, miktar (sat\u0131lan \u00fcr\u00fcn adedi\/tonaj\u0131) art\u0131\u015f\u0131n\u0131 geride b\u0131rakmay\u0131 s\u00fcrd\u00fcrd\u00fc. Bu durum, talebin ger\u00e7ekten g\u00fc\u00e7lenmesinden \u00e7ok, fiyat art\u0131\u015flar\u0131n\u0131n veriyi \u015fi\u015firdi\u011fine i\u015faret ediyor.<\/p>\n
Mart verisi, mevsimsel ve \u00fcr\u00fcn karmas\u0131 (hangi \u00fcr\u00fcn gruplar\u0131n\u0131n daha \u00e7ok sat\u0131ld\u0131\u011f\u0131) etkileriyle ili\u015fkilendirildi. \u0130ngiltere ekonomisinde h\u0131zl\u0131 bir ivmelenmenin kan\u0131t\u0131 olarak sunulmad\u0131.<\/p>\n
Mart ay\u0131na ili\u015fkin son perakende sat\u0131\u015f verisi beklentilerin \u00fczerinde gelse de (%0,7 ayl\u0131k), bu g\u00fc\u00e7lenme g\u0131da ve akaryak\u0131tta yo\u011funla\u015ft\u0131. Paskalya\u2019n\u0131n zamanlamas\u0131 ve \u00f6ne \u00e7ekilen akaryak\u0131t al\u0131mlar\u0131 man\u015fet rakam\u0131 oldu\u011fundan daha g\u00fc\u00e7l\u00fc g\u00f6steriyor; bu nedenle verinin, t\u00fcketicide kal\u0131c\u0131 bir toparlanmaya net bir i\u015faret verdi\u011fi s\u00f6ylenemez.<\/p>\n
Bu \u00e7er\u00e7evede, tek bir veriye dayanarak piyasada olu\u015fabilecek y\u00fckseli\u015flere temkinli yakla\u015fmak gerekir. Sat\u0131\u015flar\u0131n parasal de\u011ferinin, sat\u0131lan miktardan h\u0131zl\u0131 artmaya devam etmesi, fiyat etkilerinin zay\u0131f temel talebi (fiyatlardan ar\u0131nd\u0131r\u0131lm\u0131\u015f ger\u00e7ek talep) maskeledi\u011fini g\u00f6steriyor. Bu bak\u0131\u015f a\u00e7\u0131s\u0131n\u0131, Nisan 2026 i\u00e7in a\u00e7\u0131klanan GfK t\u00fcketici g\u00fcven endeksinin -18 ile (endeksin eksi de\u011ferde olmas\u0131 k\u00f6t\u00fcmserli\u011fi ifade eder) \u00e7ok zay\u0131f kalmas\u0131 da destekliyor; haneler \u00fczerindeki bask\u0131 s\u00fcr\u00fcyor.<\/p>\n
Bu nedenle, s\u00f6z konusu perakende sat\u0131\u015f raporunun \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131 (BoE) faizlerde daha \u201c\u015fahin\u201d (faiz art\u0131rma e\u011filimli, s\u0131k\u0131 para politikas\u0131 yanl\u0131s\u0131) bir \u00e7izgiye itmesi olas\u0131 g\u00f6r\u00fcnm\u00fcyor. Piyasan\u0131n politika faizinde y\u0131l\u0131n ilerleyen d\u00f6nemlerinde indirim ihtimalini masada tutmas\u0131 beklenebilir. Bu veriye ba\u011fl\u0131 Sterlin\u2019de g\u00fc\u00e7lenme ya da \u0130ngiliz devlet tahvillerinde (gilt: \u0130ngiltere Hazine tahvili) sat\u0131\u015f bask\u0131s\u0131 g\u00f6r\u00fcl\u00fcrse, bunun kal\u0131c\u0131 olmayabilecek bir hareket olabilece\u011fi de\u011ferlendirilebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
S\u00fcrpriz art\u0131\u015f: \u0130ngiltere perakende sat\u0131\u015flar\u0131 martta %0,7 y\u00fckseldi; g\u0131da ve akaryak\u0131t etkili. Paskalya ve fiyatlar man\u015feti \u015fi\u015firiyor. BoE \u015fahinle\u015fmeyebilir; Sterlin\/gilt tepkisi s\u0131n\u0131rl\u0131.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-45428","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=45428"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45428\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}