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UK Retail Sales Rebound in May but Shoppers Still Cautious

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UK Retail Sales Rebound in May but Shoppers Still Cautious

British retail sales jumped sharply last month after heavy rain kept shoppers away in April, official figures showed on Friday, in a minor boost for Prime Minister Rishi Sunak ahead of the July 4 election.

Sales volumes rose 2.9 percent in May, up from a revised 1.8 percent fall in April, the Office for National Statistics said.

Economists polled by Reuters had on average forecast sales volumes would increase by 1.5 percent in May.

Compared to a…

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