UK: Retail sales to post 0.6% gain in December – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are looking for UK’s retail sales to post a +0.6% MoM gain in December (market 0.4%), reversing their loss of the same size from November.

Key Quotes

“This still leaves UK retail trends looking much weaker than they were in H1 2019, with a 6m growth rate of zero. Despite solid wage growth last year, household consumption continued to slow, with the y/y rate falling to its lowest level since 2012 in 19Q3.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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