British Retail Consortium (BRC) Like-for-like sales for June 2018

+1.1% y/y

  • prior +2.8%

Total retail sales +2.3% y/y ( second-biggest increase of 2018)

  • 4.1% prior

Helen Dickinson, the BRC's chief executive:

"With household incomes still barely growing faster than inflation, conditions for consumers and retailers remain extremely tough."

Not moving GBP, the data point rarely does. Politics the driver right now, in case you hadn't noticed!

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"Like-for-like" sales takes out changes in store size etc.