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UK DATA: BRC-KPMG Retail Sales Edged Up But Remain Subdued

UK DATA
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UK total retail sales in October edged up 0.6% Y/Y, a softer pace of growth compared to September's solid reading of 2.0% Y/Y (also matched by a solid reading in the official ONS series - although the food vs non-food split was not reflected). Like-for-Like sales rose 0.3% Y/Y (vs 1.7% prior). 

  • The underlying trend shows sales remain subdued. Non-Food sales in the 3-months to October are the highest since June 2023 but Y/Y growth remains negative at -0.1% Y/Y. This is a value rather than volume series, so the change in sales figures also reflect changing inflationary trends.
  • Food sales rose 2.9% Y/Y in the three months to October but remain impacted by low food price inflation.
  • Data covers 29 September - 27 October 2024.

 

 

 

 

 

 

 

 

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UK total retail sales in October edged up 0.6% Y/Y, a softer pace of growth compared to September's solid reading of 2.0% Y/Y (also matched by a solid reading in the official ONS series - although the food vs non-food split was not reflected). Like-for-Like sales rose 0.3% Y/Y (vs 1.7% prior). 

  • The underlying trend shows sales remain subdued. Non-Food sales in the 3-months to October are the highest since June 2023 but Y/Y growth remains negative at -0.1% Y/Y. This is a value rather than volume series, so the change in sales figures also reflect changing inflationary trends.
  • Food sales rose 2.9% Y/Y in the three months to October but remain impacted by low food price inflation.
  • Data covers 29 September - 27 October 2024.