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UK Retail Sales increased by 0.1%

Thursday, Aug 20 2015

Compared with June 2015, the quantity bought in the retail industry is estimated to have increased by 0.1%. Analysts were anticipating 0.4% incline. Increases were reported by department stores, other stores, household goods stores and non-store retailing offset by falls in predominantly food stores, textile, clothing and footwear stores and petrol stations.

Average store prices (including petrol stations) fell by 3.0% in July 2015 compared with July 2014; the 13th consecutive month of year-on-year price falls. All store types except textile, clothing and footwear stores reported decreases. Petrol stations again made the largest contribution, falling by 10.9%, the 23rd consecutive month of year-on-year falling petrol prices.

 

Amount spent in the retail industry increased by 1.0% in July 2015 compared with July 2014 but decreased by 0.2% compared with June 2015. The average weekly spend in the retail industry was £7.1 billion; non-seasonally adjusted data show this is unchanged from the previous month and the July 2014 figure.

 

After the data Sterling was pushed lower and is currently being traded few points above 1.5650 level. Pair is likely to find support around 1.56 handle and resistance near 1.57 area. Later today, in the US session, Unemployment Claims, Philly Fed Manufacturing Index and Existing Home Sales figures are scheduled for a release.

Last modified on Thursday, 20 August 2015
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