UK retail sales Janaury 2018 0.1% vs 0.5% exp m/m

by | February 16th, 2018, 09:30:11 | Economic Data, UK

UK economics

January 2018 UK retail sales report 16 February 2018

  • Prior -1.5%. Revised to 1.4%
  • 1.6% vs 2.6% exp y/y. Prior 1.4%. Revised to 51.5%
  • Ex-fuel 0.1% vs 0.6% exp m/m. Prior -1.6%. Revised to -1.5%
  • 1.5% vs 2.5% exp y/y. Prioir 1.3%
  • Sales deflator 2.8% vs 3.15 prior y/y

ONS notes;

  • Retail sales (incl fuel) lowest since Jul 2017 (-0.8%)
  • Sales 3M/3M saw 0.1% gain for both total and ex-fuel
  • Food sales fell 0.4% m/m, and by 0.9% y/y
  • Sport equipment, games and toys saw a rise in sales on consumer fitness drive
  • Online sales y/y were 16.5% (s/a) in Jan 2018
  • Price deflator (incl fuel) fell 0.6% m/m Jan 2018 from 0.1 in Dec 2017; ex-fuel fell by 0.9

Cable looked to have the jump on the numbers (shock), as it had already fallen to 1.4098. It’s had a nudge under that low then bounced back to 1.4125. Currently at 1.4111. The report was soft but not as bad as it could have been.

Ryan Littlestone
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