Q3 September Retail Sales +0.6% q/q; Adds...>

UK DATA: Q3 September Retail Sales +0.6% q/q; Adds 0.03pp to Q3 GDP

-UK Sep Retail Sales Fuel Sales -0.8% m/m; +1.2% y/y

-UK Sep Retail Sales Ex-Auto Fuel Sales -0.7% m/m; +1.6% y/y

-UK Aug Retail Sales Fuel Sales Revised Down to +0.9% m/m; +2.3% y/y

--------------------------------------------------------------------- 

After a strong showing in August, retail sales activity retreated 

in September, falling 0.8% on the month. Non-food stores provided the 

greatest downward pressure, falling 1.5% m/m, and within this Other 

Stores (which accounts for 13% of total retail sales) fell 6.7% m/m - 

the lowest rate of growth since Jan 15. An ONS official said that the 

marked fall witnessed in other store sales volumes was driven by reduced 

sales at opticians. September's outturn means that sales volumes rose 

0.6%, and given the sector accounts for 5.4% of total output (revised 

down from 5.6%) it is set to add 0.03pp to GDP growth in the penultimate 

quarter of 2017. The implied deflator rose by 3.3%, highest since 2012.