Details of the August 2017 UK retail sales report 20 September 2017
- Prior 0.3%
- 2.4% vs 1.1% exp y/y. Prior 1.3%
- Sales ex-auto fuel 1.0% vs 0.1% exp m/m. Prior 0.5%
- 2.8% vs 1.4% exp y/y. Prior 1.5%
Very stong numbers. Cable trades up to 1.3592 from 1.3510.
ONS says:
- 3M/3M All retail sales s/a volume rose 1.2%
- Other non-food stores & non-store retailing main gainers to growth
- Store prices rose across all store types in August
- Unless growth in Sep figures hit 2.9%, Q3 sales will have been weaker than Q2
- Non-food stores (3.2%) & non-store retailing (3.3%) prices highest y/y growth since Mar 1992
I said this indicator could be a wild horse and here we have just that. The note on store prices has the obvious implications for inflation.
UK retail sales m/m & y/y August 2017
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Latest posts by Ryan Littlestone (see all)
- The last NFP competition of 2022 - December 1, 2022
- Will this month’s US NFP be a horror show? - October 4, 2022
- US NFP competition – Do you think there’s going to be a turn in the US jobs market? - August 31, 2022