Retail sales fall in April

April retail sales are in and fell 0.2% month on month, well below consensus of a 0.2% rise. March was revised up 0.2% to 1.1%. The internals were uniformly weak with only food and eating out eking out growth:

So, more evidence of an April freeze in the household sector, with some hope apparent in food.

 

David Llewellyn-Smith
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