British Retail Consortium data for October, like for like sales up 0.1% y/y
- expected +0.5% y/y, prior -0.2%
- this measure takes out changes in retail floor space 9hence the likie for likeness)
- BTC also provide 'total retail sales', came in at +1.3% y/y (September was +0.7% and the slowest for a year)
Reuters with a little more:
- BRC said colder weather in late October encouraged some shoppers to buy winter clothes, but the prospect of 'Black Friday' discounts in November caused others to delay purchases
- "Overall, retail sales growth remains low by historical standards. Sales in October saw only a slight uplift on the previous year, as cautious consumer spending continues into the final quarter of the year," BRC chief executive Helen Dickinson
This not a GBP mover, we have wait for the Brexit baloney headlines for that.
