Coming up in the London morning at 0830GMT on 20 September 2018
These via …
Nomura;
- Retail sales volumes grew by almost 1% in July, some of which may have been due to the weather and the football World Cup, and some of which may have been a bounce-back from June's fall. The CBI retail survey remained strong in August, hence we expect sales to rise again on the official measure also. However, we expect only a modest gain following the sizable rise in June.
Barclays:
- We expect retail sales to slow relative to the strength seen in July. The ONS cited warm weather and World Cup related spending as drivers of the strength. As these temporary factors unwind, we expect volume growth to slow. Credit card spending indices also signal slower spending growth relative to July.
