UK Retail Sales (Oct 2019) Preview -........>

UK DATA: UK Retail Sales (Oct 2019) Preview - 0930GMT 14/11/19

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- BBG: 0.2%m/m; 3.7%y/y; Prev (Sep): 0.0%m/m, 3.1%y/y 

- Ex. Fuel: BBG: 0.2% m/m, 3.4% y/y; Prev (Sep): 0.2% m/m, 3.0% y/y 

- Monthly retail sales are expected to edge up by 0.2pp to 0.2% in Oct, while

sales excl. fuel are forecast to remain at Sep's level of 0.2%. 

- M/M retail sales came in flat in Sep after they hit the lowest level since May

in Aug (-0.3%) 

- Sep's improvement was led by an uptick in food and non-food stores sales,

while non-store retailing and fuel sales showed monthly declines 

- The annual rates for both indicators are anticipated to accelerate to 3.7%

(incl. fuel) and 3.4% (excl. fuel) 

- The BRC-KPMG shop sales monitor rebounded in Oct after a sharp drop in the

previous month. 

- On the other hand, the VISA consumer spending index revealed a thirteenth

consecutive monthly fall in annual sales.