Davy Research

Market comment

UK retail sales post weakest gain in four years

DAVY VIEW

Yesterday’s UK retail sales data surprised already pessimistic expectations, falling 0.8% on the month and rising just 1.2% year- on-year (yoy). Indeed, the 1.2% annual rise in Q3 overall was the weakest gain in four years and suggests that consumer spending growth weakened further during the quarter as the real wage squeeze intensified.

Download full report with analyst certification and important disclosures
Download
Download full report with analyst certification and important disclosures
Download

Analyst(S)

JUMP TO