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UK retailers to lag behind EU next year

UK retailers’ earnings growth potential will be lower than that of their continental peers in 2018 in the wake of Brexit uncertainty, according to Moody’s.

Moody’s has predicted that retailers in the UK will have an earnings growth potential of 3.1%, lagging behind European retailers at 5.2% due to Brexit uncertainty.

It also forecasts that median EBITDA will rise 3.2% for apparel retailers compared to 6.3% for non-food and non-apparel retailers.

Vice president and senior analyst at Moody’s Vincent Gusdorf said: “Moody’s expects UK GDP growth to be lower than in other large European economies as sterling’s weakness has led to inflation outstripping wage growth, with the resultant squeeze on disposable incomes in turn curbing consumer confidence.”

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