UK Retail Sales Stagnate In September

Date : 10/17/2019 @ 4:15PM
Source : RTTF2
Stock : United States Dollar vs Swiss Franc (USDCHF)
Quote : 0.98965  0.00054 (0.05%) @ 12:56PM
US Dollar vs CHF share price Chart

UK Retail Sales Stagnate In September

US Dollar vs CHF (FX:USDCHF)
Forex Chart

2 Months : From Sep 2019 to Nov 2019

Click Here for more US Dollar vs CHF Charts.

UK retail sales stagnated in September as consumers were cautious about spending amid uncertainties surrounding Brexit, data from the Office for National Statistics revealed Thursday.

Retail sales volume, including auto fuel, was unchanged from the previous month, following a 0.3 percent drop in August. Sales were forecast to fall 0.2 percent.

The ONS said slight growth in food and non-food is offset by declines in non-store and fuel.

Excluding auto fuel, retail sales volume climbed 0.2 percent, in contrast to a 0.3 percent fall a month ago. Economists had expected a 0.1 percent decrease.

Food store sales gained 0.6 percent and non-food store sales grew 0.4 percent. Meanwhile, auto fuel sales declined 2 percent.

On a yearly basis, the retail sales volume growth accelerated to 3.1 percent in September, in line with expectations, from 2.6 percent in August, driven by expansion across all sectors except department stores and household goods.

Excluding auto fuel, retail sales advanced 3 percent after rising 2.2 percent a month ago. The annual growth was forecast to improve to 2.9 percent.

September's retail sales figures were perhaps a bit of a relief given the intense Brexit uncertainty, but were hardly a picture of strength, Ruth Gregory, an economist at Capital Economics, said.

However, if a Brexit deal is indeed agreed soon, household spending growth should regain some pace, the economist added.

Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

Finance Manila is owned and operated by ADVFN PLC.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:fm D:20191118 05:11:18