UK retail sales unexpectedly drops 0.5% m/m in October
|- UK retail sales dropped 0.5% m/m in Oct, a negative surprise
- The core retail sales in the UK fell by 0.4% m/m in Oct.
The UK retail sales dropped 0.5% over the month in October, surprising markets to the downside while core retail sales stripping the auto motor fuel sales also unexpectedly fell 0.4% m/m.
On an annualized basis, the UK retail sales fell 2.2% in October versus 3.0% expected while the core retail sales also ticked 2.7% higher in the reported month versus 3.6% previous and 3.3% expectations.
Main Points:
The year-on-year average store price for fuel continued to increase in October 2018 to 11.4%; this is the 26th consecutive month to show an increase.
Online sales as a total of all retailing increased to 18.0% from the 17.7% reported in September 2018, with textile, clothing and footwear stores continuing a record proportion of online sales at 18.2%; this was despite a fall in total retail spending in this sector.
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.