Free Trial

Retail Sales Activity Cools After Buoyant...>

UK DATA
UK DATA: Retail Sales Activity Cools After Buoyant Summer  
-UK Oct Total Retail Sales -0.5% m/m; +2.2% y/y; +0.4% 3m/3m
-UK Oct Retail Sales Ex-Fuel -0.4% m/m; +2.7% y/y; +0.6% 3m/3m
-UK Oct Retail Sales Price Deflator +1.6% y/y; Ex-Fuel +0.6% y/y 
--------------------------------------------------------------------- 
UK retail sales declined by 0.5% m/m in October receding from a 
sizzling summer. Driving the fall was household good sales, declining by 
3% m/m after cumulative growth of 6.7% over Aug and Sep which were 
boosted by unsustainable levels of promotions. Softer clothing sales 
also weighed on activity, with ONS officials attributing this to the 
milder October climate dampening demand for winter gear. Food sales 
posted a rebound after two straight monthly falls, with evidence that 
consumers were bringing forward purchases of specialised holiday food 
items - an effect stronger than the seasonal adjustment. Despite upward 
revisions to the Sep data, Q3 remained unchanged at 1.2% q/q.  

To read the full story

Close

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.