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24th May 2024 12:57UKWeekly Monitor

  • The collapse in retail sales volumes in April cuts 0.1pp from GDP growth…
  • … but the wet weather and an odd ONS seasonal factor drove some of the sharp fall in April retail sales.
  • Retail sales should bounce back strongly in May, and therefore we leave our GDP forecast unchanged.

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Keywords for: 28 May 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence