UK: Retail sales likely to post growth of 0.2% in September - TDS

Research Team at TDS, suggests that while their models suggest a solid >1.0% gain in UK’s September retail sales, they are sceptical and look for something closer to half that pace, still above consensus of +0.2%.

Key Quotes

“While warmer weather would have likely helped to support food store sales, it also probably weighed on clothing/footwear sales as Brits were too busy basking in the sun to shop for autumn jumpers, something we’ve seen evidence of in the inflation data from other European countries that also experienced unseasonably warm weather.”