UK Retail Sales Slumped To Lowest Since In..>

UK DATA: UK Retail Sales Slumped To Lowest Since Q1-17 In Q4-19

---------------------------------------------------------------

- DEC RETAIL SALES -0.6% M/M, +0.9% Y/Y, Below BBG F/C

- Q4 DOWN TO -1.0%; adding -0.05pp to Q4 GDP

- DEC RETAIL SALES EX-FUEL -0.8% M/M, +0.7% Y/Y 

- NOV RETAIL REVISED DOWN TO -0.8% M/M;

- DEC RETAIL -1.0% 3M/3M VS -0.5% 3M/3M IN NOV

- DEC RETAIL DEFLATOR +0.3% Y/Y; EX-FUEL +0.2%

---------------------------------------------------------------

UK retail sales slipped to -0.6% m/m in Dec following a downwardly 

revised reading of -0.8% for Nov. Dec's reading marks the fifth 

consecutive month without growth which has not occured since comparable 

records began in 1996. The 3-month avg plummeted to -1.0%, its lowest 

level since Mar 2017. Dec's decline was broad-based, with textile, 

clothing and footware stores showing the largest m/m fall. However, 

annual sales rose by 0.9% after Nov's revised growth rate of 0.8%.