UK like-for-like sales +1.9% in November (prior +2.6%)
British Retail Consortium (BRC) data:Like-for-like sales +1.9% y/y in Decemberprior +2.6%Total sales +1.7% y/y in DecemberNovember was +2.7%BRC comment:"The festive period failed to make amends for a challenging year of sluggish retail sales growth, as weak consumer confidence continued to hold back spending," Survey sponsors KPMG: "Christmas shoppers ditched clothing, jewellery and technology gifts, opting for beauty, health and personal care products," ---GBP/USD little changed around 1.22747---Like-for-like sales data strips out the impact of changes in store size. This article was written by Eamonn Sheridan at www.forexlive.com.
British Retail Consortium (BRC) data:
Like-for-like sales +1.9% y/y in December
- prior +2.6%
Total sales +1.7% y/y in December
- November was +2.7%
BRC comment:
- "The festive period failed to make amends for a challenging year of sluggish retail sales growth, as weak consumer confidence continued to hold back spending,"
Survey sponsors KPMG:
- "Christmas shoppers ditched clothing, jewellery and technology gifts, opting for beauty, health and personal care products,"
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GBP/USD little changed around 1.22747
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Like-for-like sales data strips out the impact of changes in store size. This article was written by Eamonn Sheridan at www.forexlive.com.
