May’s retail sales growth in the UK surpassed expectations, signaling stronger consumer spending amid economic uncertainty.
UK retail sales increased 1.2% month-over-month in May, rebounding from a revised 1.0% decline in April. The data, released by the Office for National Statistics, exceeded market forecasts and highlighted resilient consumer activity.
Analysts had anticipated a softer recovery following April’s contraction, which was driven by unseasonal weather and weaker demand. The May print marks the strongest monthly gain since January, suggesting a potential stabilization in household spending.
The British pound showed limited reaction to the data, as traders await further signals on inflation and monetary policy.