UK reports March employment and retail sales - BBH

Research Team at BBH, suggests that in the UK soft retail sales are expected for the second consecutive month.

Key Quotes

“While this is consistent with the modest slowing of growth seen in other data, it also needs to be understood within the context of the surge in January sales. Headline retail sales leapt 2.7% in January and 2.3% excluding gasoline.

The UK job growth remains strong, and the unemployment rate is likely to be steady at 5.1%. Earnings, with are reported with an extra month-lag and are also expected to be little changed in the three-month period ending in February.”