UK Dec Retail Sales preview - Nomura

Dhwani Mehta FXStreet

Analysts at Nomura offer a brief preview of what to expect from today’s UK retail sales release due to be reported at 0930GMT.

Key Quotes:

“December is, of course, the most important month of the year for retail sales.

So far the evidence has been patchy - the CBI distributive trades survey (volumes growth) has remained upbeat, and while the BRC measure of growth remains in positive territory it is modest at 0.6% (nominal)/1.2% real (like-for-like).

Visa's expenditure index fell by around 2.5% in December versus a year earlier while John Lewis sales were up to a similar degree.

Measures of footfall were down noticeably. Individual retailers have reported varied success, with some retailers performing better than expected (Next, for example) and some worse (Debenhams).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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