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UK Retail Sales unchanged in September

Friday, Oct 21 2016
UK Retail Sales unchanged in September

In September 2016, the quantity bought (volume) of retail sales is estimated to have increased by 4.1% compared with September 2015; all store types except textile, clothing and footwear stores showed growth with the largest contribution coming from non-store retailing. There was no change in the quantity bought compared with August 2016; decreases in food stores, other stores and textile, clothing and footwear stores were offset by increases in department stores, household goods stores and non-store retailers.

The underlying pattern in the retail sector continues to show relatively strong growth with the 3 month on 3 month movement in the quantity bought increasing by 1.8%.Average store prices (including petrol stations) fell by 1.1% in September 2016 compared with September 2015; there were falls in average store price across all store types, except textile, clothing and footwear stores and petrol stations. This is the smallest decrease since August 2014. The amount spent (value) in the retail industry increased by 2.9% compared with September 2015 and increased by 0.1% compared with August 2016. The amount spent online increased by 22.0% compared with September 2015 and by 2.8% compared with August 2016.

 

Sterling is currently being traded around 1.2270 level. Pair is likely to find support around 1.22 area and resistance above 1.23 handle.

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