UK: Retail sales likely to fall in September - Nomura

Analysts at Nomura are expecting the UK’s retail sales to fall for the month of September.

Key Quotes

“There are a number of reasons we forecast a fall in official sales volumes in September including: i) payback from the cumulative 1.5% rise in sales during the previous two months, and ii) a weaker reading on the BRC survey and (to a lesser extent) the CBI distributive trades survey.”