×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: APFN | EU | Britain | Economy

Warm Weather Helps British Retail Sales Bounce Back in June

Thursday, 20 July 2017 05:42 AM EDT

LONDON (AP) — Official figures show that retail sales in Britain bounced back during June, with the warm weather bolstering clothing sales in particular.

The Office for National Statistics said Thursday that retail sales grew by a monthly 0.6 percent, a solid recovery following May's 1.1 percent fall. The increase was modestly ahead of market expectations for a 0.4 percent increase.

Kate Davies, the agency's senior statistician, said a particularly warm June seems to have prompted strong sales in clothing, which compensated for a decline in food and fuel sales during the month.

The monthly rise means retail sales grew by 1.5 percent in the quarter, following a 1.4 percent drop in the first, meaning the sector will have been a positive contributor to growth. Second-quarter growth figures are due next Wednesday.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Official figures show that retail sales in Britain bounced back during June, with the warm weather bolstering clothing sales in particular.The Office for National Statistics said Thursday that retail sales grew by a monthly 0.6 percent, a solid recovery following May's 1.1...
APFN,EU,Britain,Economy
131
2017-42-20
Thursday, 20 July 2017 05:42 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved