Seeking Alpha

U.K. retail sales jump in December

  • U.K. retail sales climbed 5.3% on year in December vs +1.8% in November and blew past consensus of +2.6%.
  • On month, sales grew 2.6% vs +0.1% and +0.4%.
  • Excluding fuel, sales +6.2% on year vs +2.1% and +3.2%. On month, sales +2.8% vs +0.2% and +0.3%.
  • The pound takes a leap and is +0.5% at $1.6438, although the FTSE 100 is flat.
  • The positive data is in marked contrast to the difficult holiday season for major retailers such as Debenhams, Tesco and Marks & Spencer.
  • ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK
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Comments (1)
  • Papaswamp
    , contributor
    Comments (2204) | Send Message
     
    Wonder how those UK consumer debt levels are looking?
    http://bbc.in/19yZyRc
    17 Jan 2014, 07:42 AM Reply Like
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