Sep
15
U.K. Retail Sales Dip Less Than Forecast as Confidence Holds
By-
Dip follows strongest July increase in sales since 2002
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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
