UK: Retail sales to post 0.6% gain in December – TDS

Analysts at TD Securities are looking for UK’s retail sales to post a +0.6% MoM gain in December (market 0.4%), reversing their loss of the same size from November.

Key Quotes

“This still leaves UK retail trends looking much weaker than they were in H1 2019, with a 6m growth rate of zero. Despite solid wage growth last year, household consumption continued to slow, with the y/y rate falling to its lowest level since 2012 in 19Q3.”