UK data – BRC Sales like-for-like (October): 0.0% y/y (vs. -0.5% expected)

UK data – British Retail Consortium (BRC) Sales like-for-like (October): flat at 0.0% y/y

• -0.5% expected
• -2.1% prior

• The m/m comes in at +1.4%, vs. -0.8% m/m prior

Helen Dickinson, Director General, British Retail Consortium:

• “the good news is that overall retail sales continued to grow although not as fast as this time last year. Retailers have thought creatively about marketing solutions to incentivise sales of winter merchandise during the warmer weather.”