Retail Market Snapshot

Whilst data for September was not available at the time of writing, the growth in retail sales volumes averaged 2.5% y-o-y during July and August, pointing to an overall slowdown in Q3 compared to the previous quarter (3.6% y-o-y). Online sales continued to grow at c.10% y-o-y, accounting for 19.7% of all retailing in August. Despite ongoing uncertainty, the Consumer Confidence Index has held broadly stable during 2019 to date.
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