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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.
UK DATA
UK Total Retail Sales increased slightly to +2.7% (vs +2.5% prior), although Like-For-Like Sales rose at +2.6% - the same level as October.
- Total Retail Sales is now above the 3-month average growth of +2.6% but remains below the 12-month average growth of +4.1%.
- The main driver of the increase in sales growth continues to be Food Sales which is increasing for the month of November Y/Y and grew +7.6% over the three-months to November, although the rate of growth is slowing.
- Meanwhile, Non-Food Sales continue to fall -1.6% over the three-months to November, and below the 12-month average growth of +0.5%.
- ONS retail sales (ex-fuel) rose +4.0% Y/Y in value-terms in October. The ONS series continues to run ahead of the BRC retail sales, but indicates that in value terms the ONS series is unlikely to see a meaningful rise in November.
- Data covers 29 October – 25 November 2023.
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.
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