UK August retail sales +0.4% vs +0.5% m/m expected

<ul><li>Prior -1.2%; revised to -1.1%</li><li>Retail sales -1.4% vs -1.2% y/y expected</li><li>Prior -3.2%; revised to -3.1%</li><li>Retail sales (ex autos, fuel) +0.6% vs +0.6% m/m expected</li><li>Prior -1.4%</li><li>Retail sales (ex autos, fuel) -1.4% vs -1.3% y/y expected</li><li>Prior -3.4%; revised to -3.3%</li></ul><p>It's a slight miss on estimates but at least it is a bounce back after the poor showing in July. That being said, the divergence between retail sales volumes and values is continuing in the UK and that is not a good sign:</p><p>Looking at the details, fuel sales were down 0.1% on the month with non-store retailing also falling by 0.2% on the month. That is offset by a rise in non-food stores sales (+0.2%) and food store sales (+0.4%).</p>

This article was written by Justin Low at www.forexlive.com.