UK Retail Sales up by 0.2% in August

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Thursday, Sep 17 2015

Continuing a sustained period of year-on-year growth, the volume of retail sales in August 2015 is estimated to have increased by 3.7% compared with July 2015. This was the 29th consecutive month of year-on-year growth. The underlying pattern in the data, as suggested by the 3 month on 3 month movement in the quantity bought, showed growth for the 30th consecutive month, increasing by 0.4%.

Compared with July 2015, the quantity bought in the retail industry is estimated to have increased by 0.2%, in line with market forecasts. Average store prices (including petrol stations) fell by 3.3% in August 2015 compared with August 2014; the 14th consecutive month of year-on-year price falls.

The amount spent in the retail industry increased by 0.2% in August 2015 compared with August 2014, but decreased by 0.3% compared with July 2015. The value of online sales increased by 7.4% in August 2015 compared with August 2014, but decreased by 2.7% compared with July 2015.

Sterling was pushed higher after the data is currently being traded slightly below 1.5520 level. Pair is likely to find support around 1.5450 level and resistance above 1.550 area. Later today, in the US session, Unemployment Claims, Building Permits, Housing Starts and FOMC interest rate decision are scheduled for a release.

Last modified on Thursday, 17 September 2015

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