- Analytics
- News and Tools
- Market News
- UK Retail Sales drop 0.9% MoM in September vs. -0.1% expected
UK Retail Sales drop 0.9% MoM in September vs. -0.1% expected
- The UK Retail Sales declined 0.9% MoM in September, a big miss.
- Core Retail Sales for the UK dropped 1.0% MoM in September.
- GBP/USD holds lower ground near 1.2100 on downbeat UK retail trade data.
The UK Retail Sales dropped 0.9% over the month in September vs. -0.1% expected and 0.4% recorded in August, according to the official data published by the Office for National Statistics (ONS) on Friday.
The Core Retail Sales, stripping the auto motor fuel sales, fell 1.0% MoM vs. -0.4% expected and 0.6% seen in August.
The annual Retail Sales in the United Kingdom decreased 1.0% in September versus 0% expected and August’s 1.3% decline while the Core Retail Sales dropped 1.2% in the reported month versus 0% expectations and -1.3% previous.
Main points (via ONS)
Non-food stores sales volumes fell by 1.9% in September 2023; retailers reported that the fall over the month was because of the continuing cost of living pressures, alongside the unseasonably warm weather reducing sales of autumn-wear clothing.
Non-store retailing (predominantly online retailers) sales volumes fell by 2.2% in September 2023, following a fall of 0.9% in August.
Food stores sales volumes rose by 0.2% in September 2023, following a rise of 1.4% in August 2023.
Automotive fuel sales volumes rose by 0.8% in September 2023, rebounding from a fall of 1.0% in August 2023.
FX implications
GBP/USD is testing intraday lows near 1.2115 on the downbeat UK Retail Sales data. The spot was last seen trading at 1.2114, down 0.23% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
