Details from the February 2016 UK retail sales data report 24 March 2016
– 3.8% vs 3.8% exp y/y. Prior 5.2%. Revised to 5.4%
– Ex-Fuel -0.2% vs -1.0% exp m/m. Prior 2.3%
Not as bad as feared and with some slightly better revisions too. I was a bit anxious that we’d see a bigger drop after the stonking numbers last month but it’s not bad at all and shows a fairly robust consumer.
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