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17 Sep 2015
UK: Retail sales mark first increase in 3-months – TDS
FXStreet (Delhi) – Research Team at TD Securities, note that the UK retail sales for August increased 0.2% m/m (as consensus expected), marking the first increase in the number in 3 months.
Key Quotes
“The less volatile ex-fuel number increased 0.1% m/m on the month, also as expected. The underlying details of the report were mixed, with food stores down relatively sharply, but support coming from textiles, clothing & footwear.”
“On a year-on-year basis, retail sales remain healthy (3.7 %), and with annual core wage growth registering 7-year highs and prices relatively flat in recent months, consumer spending should be supported further through the remainder of the year.”
Key Quotes
“The less volatile ex-fuel number increased 0.1% m/m on the month, also as expected. The underlying details of the report were mixed, with food stores down relatively sharply, but support coming from textiles, clothing & footwear.”
“On a year-on-year basis, retail sales remain healthy (3.7 %), and with annual core wage growth registering 7-year highs and prices relatively flat in recent months, consumer spending should be supported further through the remainder of the year.”