Not even Christmas could convince Britons to start buying again

Retail Sales Confirm the Negative Trend in Britain

Posted Friday, January 18, 2019 by
Skerdian Meta • 1 min read

The retail sales report for December was just published and it was a terrible one. We saw sales post a decent jump in November coming at 1.4% on the report released last month which was also revised lower today to 1.3%, but it seems that the jump was attributed to Black Friday because they dived again in December. Let’s have a look at the report:

UK Retail Sales FiguresActualExpected Previous
December Retail Sales-0.9%-0.8%1.3%
Core Retail Sales-1.3%-0.6%1.0%
YoY Retail Sales3.0%3.6%3.4%
Core YoY Retail Sales2.6%3.8%3.5%

As you can see, all the numbers for December are red since they all missed expectations. Core retail sales posted a major decline that month, wiping out the jump in November. The numbers for November are also red because they were all revised one or two points lower.

So, retail sales get back to the declining trend that started to form in September and October. November was skewed by Black Friday but sales for December were even worse, so the declining trend is now confirmed. Everything is headed down in the UK.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments