MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

August retail sales data due at 7:00BST

UK DATA
  • Retail sales for August which are due for release on Friday will give us our best indication yet of the state of the consumer recovery and will be closely watched by markets. As the reopening effect fades, the increase in sales is likely to slow further in Aug and markets expect sales to edge up by 0.8% m/m in Aug after they rose 3.6% in Jul. Retail sales plunged in Apr (-18.2%) before they already recovered sharply in May (+12.2%) and saw another double-digit growth rate in Jun (+13.9%).
  • Sales in predominantly food stores fell 3.1% in Jul after two consecutive months of growth, while sales in non-food stores rose again sharply by 10.0%. Online sales remained elevated in Jul at 52.9% y/y, while m/m sales eased 7% following seven months successive growth.
  • Consumer sentiment remained unchanged since Jul and the Gfk survey noted that households are particularly concerned about unemployment due to the end of the furlough scheme in Oct. The major purchases index edged up but remained in deeply negative, which bodes ill with future spending.
  • The BRC reported another increase in total as well as like for like sales in August compared to a year ago. However, the report noted that retailers in city and town centres are still struggling due to low footfall as office workers have not yet returned.
DataData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.