UK data - BRC August Like-for-like retail sales +0.5% y/y (prior 1.6%)

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UK data - BRC August Like-for-like retail sales +0.5% y/y (prior 1.6%)

<p>British Retail Consortium data. Like-for-like sales data strips out the impact of changes in store size.</p><p>Like-for-like sales in August +0.5% y/y</p><ul><li>prior +1.6%</li></ul><p>Total retail sales +1.0% y/y</p><ul><li>prior +2.3%</li></ul><p>Reuters report on a comment from the BRC:</p><ul><li>"Worryingly, August data revealed a significant fall in
clothing sales, the
category which has been the most robust
performer this year
which could signal the start of shoppers
pulling back from
non-essential spending," Don Williams, a
retail partner at
KPMG which co-produces the data, said.</li></ul><p>---</p>

This article was written by Eamonn Sheridan at www.forexlive.com.

Source: UK data - BRC August Like-for-like retail sales +0.5% y/y (prior 1.6%)

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