UK Retail Sales Rise 1% in June as Sunny Weather Beats 0.3% Drop Forecast
Updated
Updated · Bloomberg · Jul 24
UK Retail Sales Rise 1% in June as Sunny Weather Beats 0.3% Drop Forecast
1 articles · Updated · Bloomberg · Jul 24
Summary
UK retail sales volumes rose 1% in June, extending May's rebound and handily beating economists' forecasts for a 0.3% decline.
Sunny weather and the World Cup lifted spending in stores and online, offsetting shoppers' concerns about the cost of living.
May had already delivered a 1.2% gain after retailers used discounts to draw consumers, leaving June as a second straight month of stronger-than-expected demand.