UK Retail Sales Expected to Turn Negative Again After a Not-So Sudden Jump in November - Forex News by FX Leaders
Black Friday might have been a factor in the jump we saw in November

UK Retail Sales Expected to Turn Negative Again After a Not-So Sudden Jump in November

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

The economic data from Europe has been deteriorating in recent months as the global economy slows down considerably. We have seen some pretty bad figures from Britain as well and retail sales have turned negative in Autumn.

In September, retail sales declined by 0.8%, as the report released in October showed. In October, sales fell by 0.5%, so a trend started to form. But, we saw a sudden jump in November as shown in last month’s report. Retail sales were expected to increase by 0.3% but they jumped 1.4% higher.

Although, we have to take into consideration that November included Black Friday, so that day should have had some decent impact on sales that month. They are expected to turn negative again in December and decline by 0.8%. If that happens, then the declining trend will be official. It will also confirm that the 1.4% jump in November was due to Black Friday, so, let’s see how today’s report will be.

 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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