MNI BRIEF: Beijing Property Sales Steepen Decline In July

MNI China Press Digest Aug 16: Retail Sales, Hukou, Property

CHINA PBOC CONDUCTS CNY137.8 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Net Injects CNY124.9 Bln via OMO Friday

MNI BRIEF: PBOC To Add Policy Strength For Econ Goals - Pan

MNI: UK JUL RETAIL SALES +0.5% M/M, +1.4% Y/Y

Retail Sales due at 7:00BST

MNI: US TSY TICS NET FLOWS IN JUN +$107.5B

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

UK DATA: Retail sales broadly in line with expectations

UK DATA
CEEMEAData BulletBulletUKGlobalFixed Income BulletsForeign Exchange BulletsRegion

Retail sales broadly in line with expectations - particularly given the volatility of the series. Inc fuel a tenth lower M/M than consensus, ex fuel a tenth higher, both with positive revisions to June data.

  • Y/Y for both inc/ex fuel 1.4% - in line with consensus.
  • The ONS notes that "Department stores and sports equipment stores reported a boost following summer discounts and sporting events."
  • GBPUSD currently at an intraday high of 1.2885 (versus 1.2878 pre-data.
  • Nothing surprising in this data at first glance for the MPC.
83 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.

Retail sales broadly in line with expectations - particularly given the volatility of the series. Inc fuel a tenth lower M/M than consensus, ex fuel a tenth higher, both with positive revisions to June data.

  • Y/Y for both inc/ex fuel 1.4% - in line with consensus.
  • The ONS notes that "Department stores and sports equipment stores reported a boost following summer discounts and sporting events."
  • GBPUSD currently at an intraday high of 1.2885 (versus 1.2878 pre-data.
  • Nothing surprising in this data at first glance for the MPC.