UK December retail gross sales -Zero.three% vs +Zero.four% m/m anticipated

• Prior +Zero.2%; revised to +Zero.1%
• Retail gross sales +three.6% vs +four.2% y/y anticipated
• Prior +Zero.5%; revised to Zero.Zero%
• Retail gross sales ex autos, gas -Zero.6% vs +Zero.1% m/m anticipated
• Prior +Zero.three%; revised to +Zero.1%
• Retail gross sales ex autos, gas +2.9% vs +three.6% y/y anticipated
• Prior +Zero.1%; revised to -Zero.5%

Ouch. And to suppose that the November report did not seize the total extent of Black Friday gross sales and but the December studying was an excellent softer one. When taking the extent of retail gross sales we’re seeing, volumes are nonetheless down by 2.5% in comparison with February 2020 i.e. earlier than the Covid pandemic struck.

This text was written by Justin Low at www.ubaidahsan.com.



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