UK November retail sales -0.6% vs +0.2% m/m expected

Author: Justin Low | Category: News

Latest data released by ONS - 19 December 2019


  • Prior -0.1%; revised to 0.0%
  • Retail sales +1.0% vs +2.1% y/y expected
  • Prior +3.1%
  • Retail sales (ex autos, fuel) -0.6% vs +0.4% m/m expected
  • Prior -0.3%; revised to -0.1%
  • Retail sales (ex autos, fuel) +0.8% vs +2.0% y/y expected
  • Prior +2.7%
ForexLive
Those are some poor readings across the board but as highlighted earlier here, the report today does not capture the retail sales activity of Black Friday - which is a key driver of stronger retail sales towards the Christmas period.

The weaker year-on-year figure is a reflection of that as last November's data had included Black Friday retail sales activity, whereas this year's date falls outside the reporting period.

As such, for a better gauge of UK retail sales activity in Q4, you have to account for both the November and December readings - not just look at any which one on their own.

The pound is nudged a little lower with cable seen around 1.3090 from 1.3105 but the reaction is barely audible to be fair. It's all about the BOE today for the quid.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose