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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom BRC Retail Sales Monitor - All YoY fell to 0.7% in September 2013
FMPMonthlyReleased October 2013
United Kingdom BRC Retail Sales Monitor - All YoY fell to 0.7% in September 2013, released October 2013, down 1.1% from August's 1.8% reading.
Latest Release
0.700000
Actual
—
Consensus
1.800000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
BRC Retail Sales Monitor - All YoY (United Kingdom) was reported at 0.7% in September 2013. The reading fell from the previous value of 1.8%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Core Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update October 2013.
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BRC Retail Sales Monitor - All YoY - UK
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About BRC Retail Sales Monitor - All YoY — United Kingdom
DEFINITION
The BRC Retail Sales Monitor - All YoY is a widely recognized financial indicator that measures the year-over-year change in retail sales across all sectors in the UK. It provides valuable insights into consumer spending trends and overall economic health, making it a crucial tool for businesses and investors in making informed decisions. The data is collected and reported by the British Retail Consortium (BRC), a leading trade association for the UK retail industry, and is considered a reliable and timely indicator of the country's retail performance.
WHY THIS INDICATOR MATTERS
Consumer activity accounts for the majority of GDP in advanced economies, making spending data a key cyclical signal for retail and discretionary sectors. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2013): actual 0.7 %.
WHAT'S NEXT
This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.