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Ahead of tomorrow's UK Retail Sales......>

UK PREVIEW
UK PREVIEW: Ahead of tomorrow's UK Retail Sales release, MNI's Data Team note
that analysts have found it pretty hard to call monthly Retail Sales, hardly
surprising given the notoriously volatile nature of the data series. In the
eight years between 2010-17, analysts underestimated and overestimated m/m
retail sales growth on four occasions each, with average upside and downside
data surprises of 0.46pp and 0.59pp respectively. With two of the upside
surprises falling in the last two years (including by a marked 0.8pp in 2017),
markets may be in for a better-than-expected outcome on Thursday. For the full
report please see MNI Main Wire or contact us. 

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