Retail sales data out for may.
The May 2023 seasonally adjusted estimate:
Rose 0.7% month-on-month.
Rose 4.2% compared with May 2022.
This is above consensus and forecast.
The May 2023 seasonally adjusted estimate:
Rose 0.7% month-on-month.
Rose 4.2% compared with May 2022.
- Clothing footwear and accessories -0.6%
- Department stores -0.5%
- Everything else positive
- big increase is in Cafes, restaurants and takeaway food services, +1.4%
This is above consensus and forecast.