October retail sales record first y/y fall..>

UK DATA: October retail sales record first y/y fall since Mar 2013

-UK Oct Retail Sales Fuel Sales +0.3% m/m; -0.3% y/y

-UK Oct Retail Sales Ex-Auto Fuel Sales +0.1% m/m; -0.3% y/y 

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Despite a modest uptick in m/m data, October saw UK retail sales 

recorded their first year-on-year decline since March 2013, with volume 

of sales down 0.3% y/y both including and excluding fuel. On the monthly 

data, the growth was underpinned mainly by a pick up in non-food stores, 

particularly charity shops and auction houses. The y/y decline was in 

part due to a base effect against a strong October 2016. Online sales 

continue to pick up, with sales up an NSA 10.7% y/y, now at 16.9% of all 

retail spending. The deflator was at 3.1%, down from September's 3.3%.