UK retail sales tank, macro slowdown would hurt Unilever

The ONS data released today showed the UK retail sales dropped 0.8% m/m in September, which is way bigger than the estimated drop of 0.1%. The sharp drop pushed the annualised figure lower to 1.2%. Core retail sales (excluding fuel) dropped 0.7% m/m. Year-on-year, core sales growth slowed to 1.6%.

Tim Harrison, Head of Wealth Management at Linear Investments, says the October number would tell us whether the drop seen in September is weakness or anomaly.

While talking about the drop in the Unilever shares, Harrison says, "it is such a behemoth, that any macro slowdown would hurt them".

Listen to the full segment as Harrison and Market Commentator discuss Fintech, economic calendar and broader markets.

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