UK Retail Sales Rise More Than Forecast
August 16 2018 - 1:04AM
RTTF2
UK retail sales increased more than expected in July, data from
the Office for National Statistics showed Thursday.
Retail sales including auto fuel, rose 0.7 percent
month-on-month in July, in contrast to a 0.5 percent fall in June.
Sales were forecast to increase by 0.2 percent.
Excluding auto fuel, retail sales volume climbed 0.9 percent
over the month, while it was forecast to remain flat.
On a yearly basis, overall retail sales volume growth
accelerated to 3.5 percent in July from 2.9 percent a month ago.
Economists had expected sales to grow at a stable rate of 2.9
percent.
Sales, excluding auto fuel, also grew 3.7 percent annually in
July versus the expected increase of 2.8 percent.
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