NABMA Markets v Retail trade figures

NABMA Markets v Retail trade figures

nabma figuresFootfall in retail markets was again in negative territory in September, with PFM reporting falls in the UKMI of 1.2% MoM and a worrying 4.5% YoY. We have to go back to April this year to find a YoY gain for footfall in markets
That said, the decline was in line with the decline of 0.9% MoM in the High Street Index, reported by Springboard, and rather better than the experience of the shopping centre sector, where The Retail Bulletin reports a decline of 2.5%. Even the Retail Parks sector saw a halt in their relentless advance, with footfall figures flat against August 2016
In spite of downward progress of both footfall and prices, retail sales by value were still up by more than 2% YoY, a tribute to the innovation and energy of the sector. With commentators expecting UK store prices to rise soon in line with the weakening pound, we wonder how long the retail sector can continue to defy the laws of gravity?