UK data - August BRC like-for-like sales: +1.3% y/y (prior 0.9%)

British Retail Consortium data ("like-for-like" sales basis strips out changes in store size)

more detail (via Reuters):

  • Like for like sales growth at its fastest pace so far in 2017 (excluding the April Easter holiday)
  • Total sales in August was also the highest non-Easter reading of the year, rising by 2.4 percent, speeding up from an increase of 1.4 percent in July
  • "August provided a welcome pick-up in retail sales across channels, with non-food returning to growth as shoppers' attentions turned to homewares, autumn clothing ranges and the new school term," BRC Chief Executive Helen Dickinson said. "However, these figures tell a less positive story about the health of consumer spending than it might seem at first glance,"
  • Non-food sales remain at levels seen two years ago
  • Strong food sales largely reflect rising prices, with growth in volume terms weaker than last year
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