UK retail December gross sales drop 1% vs. consensus of 0.5%; compares to November retail gross sales drop of 0.4%.
The determine measures change within the whole worth of inflation-adjusted gross sales on the retail degree, the place precise higher than projected is sweet for the forex.
Second month-to-month drop is an indication that the UK client is struggling as retail gross sales miss on estimates by fairly some margin.
Gross sales volumes have been 1.7% beneath their pre-coronavirus (COVID-19) February ranges.
Non-food shops gross sales volumes fell by 2.1% and meals retailer gross sales volumes fell by 0.3% on the month.
The proportion of on-line gross sales fell to 25.4% in December 2022 from 25.9% in November, with anecdotal proof that Royal Mail strikes led to customers procuring in shops extra.
ETFs: (FXB), (EWU), (FKU), (EWUS), (HEWU), (FLGB).
