UK May retail sales -1.4% vs +1.5% m/m expected

Author: Justin Low | Category: News

Latest data released by ONS - 18 June 2021

  • Prior +9.2%
  • Retail sales +24.6% vs +29.3% y/y expected
  • Prior +42.4%
  • Retail sales ex autos, fuel -2.1% vs +1.4% m/m expected
  • Prior +9.0%
  • Retail sales ex autos, fuel +21.7% vs +27.1% y/y expected
  • Prior +37.7%
The monthly figures are a little underwhelming but there are still some positives in the report. The largest contributor to the monthly decline in retail sales came from food stores and non-food stores actually showed a 2.3% monthly increase in May.

Besides that, despite the overall drop, average total retail sales volumes for April and May combined are holding 9.1% higher than that of February 2020.
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