UK data: Big jump for the May like-for-like sales: +2.8% y/y (vs. -4.2% prior)

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British Retail Consortium (BRC) data for May 2018, Like for like sales +2.8% y/y

• prior -4.2%

Total retail sales values jumped+4.1y/y

• vs. -3.1% in April
• biggest rise in more than four years (excluding Easter timing distortions)

Reuters with more:

• British shoppers ramped up their spending in May after a snowbound start to the year
• suggestion that the overall economy is recovering from its early 2018 slowdown
• "Despite this more positive set of sales results, the retail environment remains extremely challenging, with trend growth still very low by historical standards," Helen Dickinson, chief executive of the BRC, said.