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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 DATA
JUL RETAIL SALES -2.5% M/M, +2.4% Y/Y (JUN +9.7% Y/Y)
JUL EX-FUEL RETAIL SALES -2.4% M/M; +1.8% Y/Y (JUN +7.4%YY)
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- UK retail sales fell sharply in July, declining in nearly all sectors.
- Food sales fell, down 1.5% m/m, partly in response to high volumes in the previous month as the Euro football tournament got underway and partly as a result of the full reopening of the hospitality sector on July 19.
- Non-food sales also declined rapidly, down 4.4%, with all sectors showing negative outcomes.
- Auto fuel sales volumes fell 2.9%, with heavy rainfall seen impacting transport volumes.
- Online retail was one bright note, with sales proportion at 27.9% vs 27.1% in June
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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.
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