UK retail sales rebound 1.0% m/m in June, surprise positively (GBP extends gains)
|- The UK retail sales arrive at +1.0% m/m in June.
- The UK core retail sales jump by 0.9% m/m in June.
The UK retail sales came in at +1.0% over the month in June vs. -0.3% expected and -0.6% previous. The core retail sales stripping the auto motor fuel sales stood at +0.9% m/m vs. -0.2% expected and -0.4% previous.
On an annualized basis, the UK retail sales rose 3.8% in June versus 2.6% expected while the core retail sales also advanced 3.6% in the reported month versus 2.0% previous and 2.7% expectations.
Main Points (via ONS):
“Online sales as a proportion of all retailing fell to 18.9% in June 2019, from 19.3% reported in May 2019.
Non-store retailing and non-food stores provided the largest contribution to the growth, with the amount spent at 1.5 percentage points and the quantity bought at 1.6 percentage points for both sectors.
In contrast, food stores were the smallest contributor to growth in the amount spent at 0.6 percentage points and provided no contribution to the quantity bought.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.