All forecasts and opinions on 4 June 2019

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04.06.2019

The British Retail Consortium (BRC) released its Like-For-Like Retail Sales report, which measures changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis. For May this report showed retail sales dropped by 2.7 percent, which is the biggest drop since 1995. This drop can be explained, in part, by the fact that last year the UK saw lots of sunshine around this period, the World Cup was on and the royal wedding gave everyone something to cheer about, giving people more incentives to spend.

Maria Gregoriou

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