UK May retail sales +12.0% vs +6.3% m/m expected

Latest data released by ONS – 19 June 2020
– -18.1%; revised to -18.0%
– Retail sales -13.1% vs -16.4% y/y expected
– Prior -22.6%; revised to -22.7%
Slight delay in the release by the source. The rebound in retail sales activity is on the higher side of economist estimates and that can be taken as a positive