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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 value stalled to +2.5% (vs +2.7% prior), and Like-For-Like Sales value to +2.6% (vs +2.8% prior).
- Total Retail Sales remains below the 3-month average growth of +3.1%, and 12-month average growth of +4.2%.
- The decline in the rate of sales growth was due to Total Non-Food Sales falling Y/Y in October, and in the three-months to October it fell -1.0% - below the 12-month average growth of +0.6%.
- Meanwhile, Food Sales rose +7.9% over the three months to October (vs +7.44% prior), and remains the main contributor to sales growth, although Y/Y in October it remains below the 12-month average of +8.5%, which is likely due to food prices rising at a slower pace.
- ONS retails sales grew +4.7% Y/Y in value-terms in September. The October BRC retail sales print implies that the ONS series is likely to continue falling from its peak in the next print.
- Data covers 1-28 October 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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