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United Kingdom: Retail sales rebound in June
Latest reading: Retail sales rose 0.9% in month-on-month seasonally adjusted terms in June, which contrasted May’s 2.8% decrease but undershot market expectations. Supermarket sales rebounded—albeit weakly—aided by warmer weather, a factor which also aided purchases of car fuel.
On an annual basis, retail sales increased 1.8% in June, rebounding from May’s 1.2% fall. Accordingly, the trend improved modestly, with the annual average growth of retail sales coming in at 1.2% in June, up from May’s 0.9%.
