Details of the December 2015 UK retail sales data report 22 January 2016
- Prior +1.7% . Revised to 1.3%
- 2.6% vs 4.3% exp y/y. Prior 5.0%. Revised to 4.5%
- Ex-fuel -0.9% vs -0.3% exp. Prior 1.7%. Revised to 1.3%
- 2.6% vs 3.5% exp y/y. Prior 3.9%. Revised to 3.4%
Not a great report. We saw sales leap in November which suggested that was when a lot of the holiday shopping was done. Even so, that's been revised down also.
Mild weather affecting clothes sales and heavy discounting were the main reasons behind the poorer sales
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