The CSO’s Retail Sales Index for August generated some modest positive reaction as both monthly and annual rises were recorded in the series to August. The core retail sales index (excluding motor trades) has risen in value and volume terms for the past two months. However, these rises have only seen seen sales clawback part of the drop registered in June: both the value and volume series remain below the levels recorded in May.
The annual change of both series nudged into positive numbers in August but there is little to suggest that this will be maintained.
The monthly changes continue to oscillate around zero.
1 day ago