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U.K. Retail Sales Dip Less Than Forecast as Confidence Holds | Tony Seruga
Sep
15

U.K. Retail Sales Dip Less Than Forecast as Confidence Holds

By
  • Dip follows strongest July increase in sales since 2002
  • No sign of Brexit-induced fall in consumer confidence: ONS

U.K. retail sales declined less than economists forecast in August following the strongest July increase in 14 years, the Office for National Statistics said on Thursday.

Key Points

  • Volume of goods sold in stores and online fell 0.2 percent (median forecast was 0.4 percent decline)
  • Sales excluding auto fuel declined 0.3 percent (median forecast was 0.7 percent drop)
  • Sales in July grew 1.9 percent instead of 1.4 percent initially estimated…

U.K. Retail Sales Dip Less Than Forecast as Confidence Holds

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