UK data - British Retail Consortium (BRC) September retail like-for-like sales
A big size jump to +2.6% y/y
- expected +1.5%
- prior was -1.0%
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- September retail spending up 3.9% y/y (was +0.1% y/y in August), highest non-Easter result since January of 2014
- Q3 Retail spending up 2.2% y/y (Q2 was +1.1%)
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- Like-for-like' sales growth is the % change in the value of comparable sales compared to the same period a year earlier.
- It excludes any spending in stores that opened or closed in the intervening year, thus stripping out the effect on sales of changes in floorspace. Many retailers include distance sales as a component of like-for-like comparable sales.
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GBP ... uncaring and unchanging