UK: Retail sales to post growth of 0.6% for April - TDS

Analysts at TDS explain that after a very soft Q1 for UK retail sales, analyst expectations are extremely wide around what to expect for April, with forecasts ranging from 0.4% to 2.8% m/m, and consensus sitting at 1.1%.

Key Quotes

“We’re on the lower end of the spectrum and look for a 0.6% reading, with sales only posting a partial recovery from the March drop of -1.8%. With inflation surprising to the upside in 5 of the last 6 months, the consistent price rises may continue to weigh on consumer spending.”