UK retail sales fall by more-than-expected 2.7% in May - ONS
UK retail sales declined by more than expected in May, the Office for National Statistics reported on Friday.
UK retail sales fell by 2.7% in May from April. This was against a 1.3% rise in April from March and worse than the 0.5% decrease expected by FXStreet-cited market consensus.
On an annual basis, retail sales decreased by 1.3% in May, swung from 1.4% growth in April. Market consensus had expected a 1.7% increase.
Excluding fuel, sales decreased by 2.8% on-month, worse than consensus for a 0.5% decrease and swinging from April’s 1.4% growth. They fell 1.3% on a year before, compared to April’s 5.2% rise and FXStreet-cited consensus of a 1.8% increase.
Separately, the ONS reported that the UK public sector net borrowing requirement was positive £17.69 billion in May - meaning net repayment - against negative £20.05 billion in April.
Copyright 2025 Alliance News Ltd. All Rights Reserved.