UK October retail gross sales -Zero.7% vs -Zero.three% m/m anticipated

• Prior +Zero.three%; revised to +Zero.1%
• Retail gross sales +2.four% vs +three.four% y/y anticipated
• Prior +three.9%; revised to +three.2%
• Retail gross sales (ex autos, gasoline) -Zero.9% vs -Zero.four% m/m anticipated
• Prior +Zero.three%; revised to +Zero.1%
• Retail gross sales (ex autos, gasoline) +2.Zero% vs +three.three% y/y anticipated
• Prior +four.Zero%; revised to +three.2%

UK retail gross sales slumped by greater than anticipated final month, with a unfavourable revision as well for September. That is not a superb begin forward of the vacation interval, reaffirming that retail gross sales continues to be in a largely extra sluggish spot since 2022. For some context, the retail gross sales volumes for October 2024 are nonetheless seen 1.5% decrease than the place they had been again in February 2020 i.e. pre-Covid.

This text was written by Justin Low at www.ubaidahsan.com.



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