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UK May Sunshine, Royal Wedding Sales Boost Seen
After a sturdy 1.6% m/m rebound in April, the UK's May retail sales data print, due out Thursday, will reveal if the sector managed to extend this form and build momentum. MNI median expectations, taken from a poll of analysts, look for a 0.5% m/m rise in total sales volumes and a 0.4% m/m rise in ex-fuel volumes. Ahead of the release, we outline five themes for attention. Analysts Tend to miss May result with upside bias. Admittedly this is a hard series to forecast, notorious for its wild swings from month-to-month. May, however, has tended to see analysts overestimate the y/y total sales volumes growth figure. The ... (full story)
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