- Prior -1.3% (revised to -1.0%)
- Retail sales +3.2% vs +1.9% y/y expected
- Prior +0.0% (revised to +0.1%)
- Retail sales ex autos, fuel 1.2% vs +0.4% m/m expected
- Prior -0.4% (revised to -0.1%)
- Retail sales ex autos, fuel +4.6% vs +3.3% y/y expected
- Prior +1.1%
- Full report here
This is a good report but won’t change much for the BoE at this point.
The ONS says: “The quantity of goods bought (volume) in retail sales is estimated to have risen by 0.4% in the three months to May 2026 compared with the three months to February 2026. Non-food stores’ sales volumes rose, with department stores performing well in May because of the good weather. Also within non-food stores, computer and telecoms retailers continued to grow following product releases in March 2026. Non-store retailers rose following strong March and May periods.
Retail sales volumes are estimated to have risen by 1.2% in May 2026. This follows a fall of 1.0% in April 2026 (revised up from a 1.3% fall in our previous bulletin), and a rise of 0.7% in March 2026 (revised up from a 0.6% rise in our previous bulletin). Retailers suggested that promotions and the hot weather in May increased sales volumes for non-store retailers and department stores.”
This article was written by Giuseppe Dellamotta at investinglive.com.
