There’ll be a good weather impact, but even so - retail sales well ahead of expectations in May.
www.ons.gov.uk/businessindu...
Duncan Weldon
Continuing signs of a weak labour market in this mornings data. And a very striking rise in zero hours contract - see Louise's brilliant thread for more.
Retail sales rose in the three months to May 2026, according to our first estimate.www.ons.gov.uk
This morning’s data shows a weak labour market: unemployment remains high and real wages are barely growing.
The monthly LFS unemployment data is volatile but the big picture is that unemployment has been climbing for the past few years and stood at 4.9% in the three months to April.
