UK retail sales rebounded in May as promotions and the hot weather drove consumer spending, data from the Office for National Statistics showed Friday.
Retail sales grew by more-than-expected 1.2 percent on a monthly basis in May, in contrast to April's 1.0 percent fall. Sales were forecast to climb 0.5 percent.
Excluding auto fuel sales, retail sales moved up 1.2 percent after a marginal 0.1 percent drop.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.