UK: Retail sales likely to decline 1.0% in March - TDS

Analysts at TDS are looking for another month of disappointing UK retail sales in March with a -1.0% m/m decline (mkt -0.6%).

Key Quotes

“The primary source of weakness will be the poor weather at the beginning of the month due to the "Beast from the East," so this figure should be largely ignored by the BoE. With more important factors like employment and wage growth still holding up well, and with real wage growth finally back in positive territory, we would expect to see consumer spending recover in 18Q2. BoE Deputy Governor Cunliffe speaks at the Global Finance Forum at 17:30 BST.”