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UK May retail sales +0.3% vs -0.2% m/m expected

Prior +0.5%Retail sales -2.1% vs -2.6% y/y expectedPrior -3.0%; revised to -3.4%Retail sales (ex fuel, autos) +0.1% vs -0.3% m/m expectedPrior +0.8%; revised to +0.7%Retail sales (ex fuel, autos) -1.7% vs -2.1% y/y expectedPrior -2.6%; revised to -3.0%UK retail sales beat estimates and rose in the month of May, so at least that is some comfort for the BOE as they raise rates further. But if you strip out the more volatile parts, the growth was rather marginal. Here's the breakdown on the month:I... Read More

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Posted: Jun 23 2023, 06:00

Author Name: forexlive

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