MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

UK DATA: BRC-KPMG Retail Sales Highest Since March; Driven by Food Sales

UK DATA
CEEMEAData BulletBulletUKGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

UK total retail sales growth accelerated in September to 2.0% Y/Y after 1.0% in August, the highest print since March 2024. Like-For-Like sales rose 1.7% Y/Y (vs 0.8% in August).

  • However, despite the pickup there are still concerning trends under the surface. Non-Food sales in the 3-months to September are still below levels seen last year, despite the series becoming less negative at -0.3% 3M Y/Y (from a fall of 1.7%Y/Y in the three months to August).
  • Food sales continue to see decent sales growth, however, rising 3.1%Y/Y in the three months to September (vs 2.9% in the three months to August).
  • As always, this is a value rather than volume series, so the change in sales figures also reflect changing inflationary trends.
  • Data covers 25 August - 28 September 2024.
127 words

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.

UK total retail sales growth accelerated in September to 2.0% Y/Y after 1.0% in August, the highest print since March 2024. Like-For-Like sales rose 1.7% Y/Y (vs 0.8% in August).

  • However, despite the pickup there are still concerning trends under the surface. Non-Food sales in the 3-months to September are still below levels seen last year, despite the series becoming less negative at -0.3% 3M Y/Y (from a fall of 1.7%Y/Y in the three months to August).
  • Food sales continue to see decent sales growth, however, rising 3.1%Y/Y in the three months to September (vs 2.9% in the three months to August).
  • As always, this is a value rather than volume series, so the change in sales figures also reflect changing inflationary trends.
  • Data covers 25 August - 28 September 2024.