UK: October total sales, October like-for-like sales, & October consumer spending all up

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UK: October total sales, October like-for-like sales, & October consumer spending all up

<p>Some encouraging data out of the UK for October. Not all good news however, devil-in-the-details sort of thing. Via a Reuters report:</p><p>The British Retail Consortium said spending at major stores in October was 1.6% higher than a year earlier, slowing from 2.2% in September and representing a big fall in the volume of purchases once inflation was taken into account.</p><ul><li>The BRC's measure of like-for-like sales, which adjusts for changes in retailers' floor space, slowed to 1.2% in October from September's 1.8%. </li><li>"The small rise in sales masked a much larger drop in volumes once inflation is accounted for," the BRC said.</li></ul><p>Payments processor Barclaycard said 48% of people it surveyed over Oct. 21-24 plan to spend less this Christmas</p><ul><li>Barclaycard said consumer spending in October was 3.5% higher than a year before, up from 1.8% growth in September but still representing a fall when adjusted for inflation. </li><li>Spending on energy bills were 36% higher than a year earlier, down from a 48% rise in September, as many households received a 400 pound government credit to their bills.</li></ul><p>GBP update:</p>

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

Source: UK: October total sales, October like-for-like sales, & October consumer spending all up

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