UK retail sales arrive at -0.5% m/m in May, meet estimates (GBP keeps highs)
- The UK retail sales arrive at -0.5% m/m in May.
- The UK core retail sales drop by 0.3% m/m in May.
The UK retail sales came in at % over the month in May vs. -0.5% expected and -0.1% previous. The core retail sales stripping the auto motor fuel sales stood at -0.3% m/m vs. -0.5% expected and -0.3% previous.
On an annualized basis, the UK retail sales rose 2.3% in May versus 2.7% expected while the core retail sales also advanced 2.2% in the reported month versus 4.7% previous and 2.5% expectations.
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