- The UK retail sales jumped by 1.1% m/m in Mar.
- The core retail sales in the UK rebounded by 1.2% m/m in Mar.
The UK retail sales jumped 1.1% over the month in March, surprising the markets to the upside while core retail sales stripping the auto motor fuel sales also unexpectedly rose 1.2% m/m.
On an annualized basis, the UK retail sales raced 6.7% in March versus 4.6% expected while the core retail sales also advanced 6.2% in the reported month versus 4.0% previous and 3.8% expectations.
Main Points (via ONS):
“Food stores was the largest contributor towards the increase for the amount spent at 0.5 percentage points. Food stores and non-store retailing were both the largest contributors to the quantity bought at 0.4 percentage points.
The quantity bought for fuel remained flat on the month, while the amount spent provided a small contribution of 0.1 percentage points.
Fuel was the smallest contributor to growth in the amount spent, and to the quantity bought, at 1.4 and 1.1 percentage points respectively.
Non-store retailing provided the largest contribution to the growth in the amount spent at 2.3 percentage points. Similarly, non-store retailing reported the largest contribution to the quantity bought at 2.4 percentage points in March 2019.”
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.