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The UK's April retail sales data.........>

UK PREVIEW
UK PREVIEW: The UK's April retail sales data print, due Thurs, will reveal if
the sector managed to rebuild after March's weather induced slide in sales. MNI
median expectations, taken from a poll of analysts, look for a 0.9% m/m rise in
total sales volumes and flat growth m/m in ex-fuel volumes. Ahead of the release
MNI's Data team note, April tends to be a month where analysts are culpable of
under-estimating headline retail sales. The y/y figure for April is on average
under-estimated by 1.51 percentage points. Given, Bloomberg consensus and MNI
estimates point to a 0.2% y/y figure for April, an under-estimate of the same
nature would be warmly received. For the full report please see MNI Main Wire
1711BST.

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