British Retail Consortium (BRC) data from earlier:
Like for like sales +1.8% y/y
- expected -0.2%, prior -0.7%
BRC total sales+2.2% y/y
BRC Chief Executive Helen Dickinson:
- "While retail discounts helped tempt cautious consumers, there is no guarantee this momentum will continue after the sales have finished"
- "Furthermore, the risk of a disruptive no-deal Brexit could see these fortunes reversed."
Party pooper. Probably fair enough though.
Separate data from Barclaycard, its measure of consumer spending +2.9% y/y
- prior +1.8%
Barclaycard:
- increase driven mostly by spending on essentials which rose the most in five months
