UK April retail sales data came in better than expected:
- Retail sales include auto & fuel rose 0.0% mom versus expectation of -0.4% mom.
- Retail sales include auto & fuel rose 5.2% yoy versus expectation of 4.5% yoy.
- Retail sales exclude auto & fuel dropped -0.2% mom versus expectation of -0.5% mom.
- Retail sales exclude auto & fuel rose 4.9% yoy versus expectation of 4.3% yoy.
The details, though, are not too impressive and fuel stores and non-store retailing were the only positive contributors to the quantity bought in April.
