- Prior -0.5%
- 3.6% vs 3.9% y/y. Prior 3.9%. Revised to 3.7%
- Ex-autos -0.1% vs 0.3% exp m/m. Prior -0.5%
- 4.0% vs 4.6% y/y. Prior 4.7%. Revised to 4.5%
- Retail sales deflator 0.0% vs -0.7% y/y and turns around 4 straight months of disinflation as clothes prices rise in the month of June for the first time since 2007
- 3m/3m sales 1.6% vs 1.2% in May
GBP/USD slapped down to 1.7009 from 1.7035
UK retail sales 24 07 2014
There’s not enough in here to suggest any real problems in retail and we know from experience that they can be volatile at the best of times. Overall with the quarterly number posting a decent gain it’s showing consumer demand is still fairly buoyant. The fact that stores didn’t start summer sales early this year show the level of confidence in the sector, though that may be undone in July if there were adverse effects from England getting knocked out the World Cup early.
UK retail sales 24 07 2014
