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2014.10.2416:39:00UTC+00Uk Retail Sales Set to Recover in Coming Months: Barclays

Quotes from Barclays Capital:
- We believe consumption was once again a strong positive contributor to UK Q3 GDP, to the tune of 0.4pp. Although retail sales weakened further in September, this stemmed mainly from volatile components, such as clothing (unusually warm weather has kept consumers away from winter clothing) and fuel. 
- Taking into account the resilience of consumer surveys, we believe retail sales are set to grow further in the months ahead as temporary weather effects ease off. The continued decline in deflators is also a good sign, with households benefiting from price competition to maintain their purchasing power. 

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