The British Retail Consortium (BRC) reported a 0.4% year-on-year increase in like-for-like retail sales for May 2024, falling short of the expected 1.2% but marking a significant improvement from the previous month's -4.4%. This data highlights a modest recovery in the UK's retail sector, though it remains below market expectations.
AUSTRALIA (Q1) COMPANY OPERATING PROFIT QOQ ACTUAL: -2.5% VS 7.4% PREVIOUS;EST -0.9%
AUSTRALIA (Q1) INVENTORIES SA QOQ ACTUAL: 1.3% VS -1.7% PREVIOUS;EST 0.7%
AUSTRALIA (Q1) BOP CURRENT ACCOUNT BALANCE ACTUAL: -4.9B VS 11.8B PREVIOUS;EST 5.2B
AUSTRALIA (Q1) NET EXPORTS OF GDP ACTUAL: -0.9 VS 0.6 PREVIOUS;EST 0.7
AUSTRALIAN BUSINESS INVENTORIES ACTUAL 1.3% (FORECAST 0.8%, PREVIOUS -1.7%) $MACRO
AUSTRALIAN GROSS COMPANY PROFITS ACTUAL -2.5% (FORECAST -1%, PREVIOUS 7.4%) $MACRO
🔴 AUSTRALIAN CURRENT ACCOUNT BALANCE ACTUAL -0.0049B (FORECAST 0.006B, PREVIOUS 11.8B) $MACRO
🇦🇺 Australia Company Gross Operating Profits (QoQ) (Q1) $AUD Actual: -2.5% 🔴 Expected: -0.9% Previous: 7.4%
🇦🇺 Australia Current Account (Q1) $AUD Actual: -4.9B 🔴 Expected: 5.9B Previous: 11.8B
🇦🇺 Australia Net Exports Contribution (Q1) $AUD Actual: -0.9% Previous: 0.6%
🇦🇺 Australia Business inventories (MoM) (Q1) $AUD Actual: 1.3% Previous: -1.7%
UK data - May BRC like for like sales +0.4% y/y (prior -4.4%) https://t.co/4SWCViBjh4
U.K. (MAY) BRC SALES LIKE-FOR-LIKE (YOY) ACTUAL: 0.4% VS -4.4% PREVIOUS; EST 1.2%
🇬🇧 BRC Retail Sales Monitor YoY (May) Actual: 0.4% Expected: 1.2% Previous: -4.4% https://t.co/pdylN3zkaS
UK BRC RETAIL SALES YOY ACTUAL 0.4% (FORECAST 1.2%, PREVIOUS -4.4%) $MACRO
UK BRC Sales Like-For-Like (Y/Y) May: 0.4% (est 1.2%; prev -4.4%)
Heads Up:🇬🇧 BRC Retail Sales Monitor YoY (May) due at 23:01 GMT (15min) Expected: 1.2% Previous: -4.4% https://t.co/pdylN3zkaS