Prior +1.2%; revised to +1.3%Retail sales -1.3% vs +1.7% y/y expectedPrior +5.0%Retail sales ex autos, fuel -2.8% vs -0.5% m/m expectedPrior +1.3%; revised to +1.4%Retail sales ex autos, fuel -1.3% vs +1.8% y/y expectedPrior +5.3%; revised to +5.2%
That’s an awful miss on UK retail sales with food store sales in particular declining sharply on the month. After a growth of 4.7% in April, that is seen down 5.0% in May and marking the largest monthly fall since May 2021. The stronger rise in April was attributed to better weather conditions at the time.
Besides that, there were declines everywhere else too though. Department store sales were down 1.5% on the month, with non-food store sales also marked down by 0.5% on the month. Here’s the full breakdown:
This article was written by Justin Low at www.forexlive.com.