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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.
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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.