The September survey reported a massive boost in U.K. sales which was corroborated by the official data which saw sales surge by 5.9% yoy from 3.2%. It is believed that mom September sales were boosted by the Rugby World…
The September survey reported a massive boost in U.K. sales which was corroborated by the official data which saw sales surge by 5.9% yoy from 3.2%.
It is believed that mom September sales were boosted by the Rugby World Cup and the inclusion of two of the three days of the August bank holiday weekend in the September survey period; yoy sales were further boosted by the comparison with a year earlier when sales fell by 0.9% mom, says Societe Generale.
The October survey should see a return to normality and so a big fall in the balance of reported sales from the September reading of 49.
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Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
