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UK data: Like-for-like sales +3.7% y/y in May vs. +5.2% in APril

British Retail Consortium data for May 2023:retail sales growth slowed to a seven-month low in MayBRC says spending in its members' stores increased 3.9% y/y compared with the 5.2% growth y/y in Aprilretail sales in May were 3.7% higher on the year on a like-for-like basis, from 5.2% in April "The wild card for the retail sector remains uncontrollable food inflation, which shows little sign of coming down in the near future, and this is having a significant knock-on effect on non-essential spen... Read More

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Posted: Jun 5 2023, 23:12

Author Name: forexlive

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