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Jul Retail Sales +0.3% m/m; +1.3% y/y.......>

UK DATA
UK DATA: Jul Retail Sales +0.3% m/m; +1.3% y/y
-UK Jul Retail Sales Ex-Auto Fuel Sales +0.5% m/m; +1.5% y/y
-UK Q2 Retail Sales Unrevised at +1.5% q/q  
-UK ONS: Retail Sales Subdued H1 2017; Food Sales Rebound in July           
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Sales volumes increased by 0.3% m/m in July, in line with the 
outturn in June (revised down from 0.6% m/m), reinforcing a somewhat 
subdued picture of consumer activity in the first six months of 2017. 
July's result was lifted by food store sales sales, up 1.5% m/m after 
falling 1.1% m/m in June, accounting for 0.5pp of the 0.3% rise in total 
sales between June and July. This was offset by falling non-store 
retailing sales (-0.9% m/m) and fuel sales (-1.1% m/m). Within the food 
category, there was annecdotal evidence of a rise in supermarket sales, 
across a range of goods including food and household goods, which more 
than offset a decline in alcohol and specialised food sales.       

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