Heteronomics - UK: sales damped to a bullish trend in May-19

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Heteronomics

Philip Rush

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UK: sales damped to a bullish trend in May-19

- UK retail sales declined by 0.5% m-o-m in May-19, in line with expectations. This fall has returned the level of sales to their trend, which remains bullishly resilient to Brexit-related uncertainty.
- The unseasonably cool weather probably contributed to the latest dip and the very damp June will probably hit sales in the next release by more.

20/06/2019 2 EN

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Heteronomics

Heteronomics provides UK-centric macro research. A hallmark attention to detail delivers a depth of analysis beyond what the sell side now delivers. Clients can also experience events that privately provide insights on these topics. Have a bespoke request for research or an event? Let us know. Clients can expect assistance with their own requirements to the extent it doesn't impinge upon other clients. Think of it as retaining an expert economist, without the large overhead.

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Analysts

Philip Rush

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UK: sales damped to a bullish trend in May-19

Riksbank: hopeful for vaccine dividend

BoE: preparing policy like a Scout

Italy: Dragging in Draghi

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