UK data – May BRC like for like sales +0.4% y/y (prior -4.4%)

British Retail Consortium
(BRC) data for May 2024:

• like for like sales +0.4% y/y (prior -4.4%)
• total sales +0.7% y/y (prior -4%)

BRC Chief Executive Helen Dickinson
blamed weather:

• Despite a strong bank holiday weekend for retailers, minimal improvement
  to weather across most of May meant only a modest rebound in
  retail sales last month

Data also from Barclaycard:

spending on its customers’ debit and credit
cards was only +1.0% y/y, weakest increase since February 2021

• prior +1.6% annual growth
  the month before and the weakest increasee
  since February 2021.

This article was written by Eamonn Sheridan at www.forexlive.com.