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Berita dagangan
17 Apr 2015
UK retail sales data coming up - RBS
FXStreet (Guatemala) - UK retails sales data coming up, and RBS analysts are bullish for yet further decent prints.
Key Quotes:
"Retail sales – Easter rising: Retail sales growth has been stronger-than-expected in 4 of the past 5 months."
"Volumes have been boosted by low inflation, though values growth (the amount of money being spent) is running a little ahead of household income growth. BRC survey data were robust, with total sales values growth rising to 4.7% y/y in March from 1.7% in February, though much of this reflected variations in the timing of Easter. We forecast the official ONS retail sales data to show a rise of 0.7% m/m in March."
Key Quotes:
"Retail sales – Easter rising: Retail sales growth has been stronger-than-expected in 4 of the past 5 months."
"Volumes have been boosted by low inflation, though values growth (the amount of money being spent) is running a little ahead of household income growth. BRC survey data were robust, with total sales values growth rising to 4.7% y/y in March from 1.7% in February, though much of this reflected variations in the timing of Easter. We forecast the official ONS retail sales data to show a rise of 0.7% m/m in March."