October 2017 UK retail sales report 16 November 2017

  • Prior -0.8%. Revised to -0.7%
  • -0.3% vs -0.6% exp y.y Prior 1.2%. Revised to 1.3%
  • Ex-fuel 0.1% vs 0.0% exp m/m. Prior -0.7%. Revised to -0.6%
  • -0.3% vs -0.4% exp y/y. Prior 1.6%
  • Sales deflator 3.1% vs 3.3% prior y/y. First drop since June

Better than expected but that really means it wasn’t as bad as expected, considering we’re dealing with negative numbers. Particular note should be made of the deflator (inflationary gauge).

From the ONS;

  • Underlying retail sales (3M/3M) rose 0.9%
  • Average store prices rose 3.1% compared to October 2016
  • Growth across all store types meant a strong October 2017
  • Quantity bought fell 0.3% y/y versus a year-ago; food stores taking the largest hit
  • Above average temperatures for October hurt clothing sales
  • Online sales rose y/y by 10.7%, makiing up approximately 16.9% of all spending
  • Underlying picture for sales is of steady growth
  • Oct 2017 suffers in comparison with a very strong Oct 2016
UK retail sales details

UK retail sales details

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

Pin It on Pinterest