August 2015 UK retail sales 0.2% vs 0.2% exp m/m
Details of the August 2015 UK retail sales data report 17 September 2015
– 3.7% vs 3.8% exp y/y. Prior 4.2%
– Ex-fuel 0.1% vs 0.1% exp m/m. Prior 0.4%
– 3.5% vs 3.9% exp y/y. Prior 4.3%
Nothing shocking here. The ONS said sales were mainly boosted by clothing, including school uniforms (I should know with two boys and flipping school jumpers at £9 a pop). Obviously the price of fuel has been coming down with will offset most gains we may see elsewhere.The price deflator is a good indicator of that and it was down 3.3% vs -2.9% prior