# January retail sales slump confirms 'slowdown' trend | Portfolio Adviser

> UK retail sales volumes rose just 0.1% in January, below the 0.6% consensus forecast and the weakest growth since April 2017. Sterling dipped 0.37% to $1.4047 on the news, and food store sales fell 0.9%.

- Date: 2018-02-16 · published 2018-02-16T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/66739-january-retail-sales-slump-confirms-slowdown-trend-portfolio-adviser
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weak UK consumer spending on food points to softer domestic demand for meat and feed-linked products, a mild bearish signal for UK feed demand.

## Sources

- portfolio-adviser.com: https://portfolio-adviser.com/january-retail-sales-slump-confirms-slowdown-trend/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.