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UK retail sales rebound strongly in July, says ONS

Staff Writer | August 18, 2016
UK retail sales bounced back strongly in July, according to official data, the Office for National Statistics revealed.
UK retail sales
Britain   Retail sales rose 1.4% in July
Putting paid to some of the doom-mongering about the effects of Brexit, retail sales rose 1.4% in July compared to June, the Office for National Statistics revealed.

This is much better than the 0.2% expected by the market and rebounding strongly from the previous 0.9% decline.

July was also 5.9% of the same month last year, again beating the consensus estimate of a 4.2% rise and up from the 4.3% gain in June.


 

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