empty

2020.08.2106:19:00UTC+00UK Retail Sales Rise More Than Expected

UK retail sales rose more-than-expected in July driven by non-food store turnover, data from the Office for National Statistics showed Friday.

Retail sales grew 3.6 percent month-on-month in July, but slower than the sharp 13.9 percent rise in June and 12.2 percent increase in May. Economists had forecast sales to rise 2 percent.

Likewise, retail sales, excluding auto fuel, rose at a slower pace of 2 percent after growing 13.4 percent in June. Sales were forecast to rise 0.2 percent.

The ONS said sales volumes were 3 percent above pre-pandemic levels in February 2020. Food store sales were down 3.1 percent, while non-food sales grew 10 percent.

On a yearly basis, overall retail sales advanced 1.4 percent in July, in contrast to a 1.6 percent fall in June. This was much faster than economists' forecast of 0.1 percent rise.

Excluding auto fuel, retail sales growth accelerated to 3.1 percent from 1.7 percent in June. Sales were expected to climb 1.5 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST


Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.