UK November retail gross sales +Zero.2% vs +Zero.5% m/m anticipated

• Prior -Zero.7%
• Retail gross sales +Zero.5% vs +Zero.eight% y/y anticipated
• Prior +2.four%; revised to +2.Zero%
• Retail gross sales ex autos, gasoline +Zero.three% vs Zero.Zero% m/m anticipated
• Prior -Zero.9%
• Retail gross sales ex autos, gasoline +Zero.1% vs +Zero.7% y/y anticipated
• Prior +2.Zero%; revised to +1.6%

This can be a slight bounce in retail gross sales with ONS noting that the official Black Friday gross sales date will solely be calculated of their December launch. However some retailers have been already reporting that Black Friday gross sales began properly prematurely of the official day. So, we’ll most likely want to take a look at each months to get a greater thought on how a lot that influenced retail gross sales.

In any case, the rebound right here is only a modest one and not likely indicative of a serious turnaround in shopper sentiment/demand. We’ll need to see how issues carry over to subsequent 12 months to have a greater sense of that.

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



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