July鈥檚 UK retail sales rise
BRITISH retail sales rose in July, slightly beating expectations, official data showed yesterday, even though household incomes are still feeling the squeeze from a Brexit-fueled slump in the pound.
Overall retail sales grew by 0.3 percent last month, buoyed by robust food purchases, the Office for National Statistics said in a statement.
That was the same rate of growth as in June and slightly faster than analysts’ forecast for a 0.2 percent rise.
“Strong food sales have been responsible for the growth of 0.3 percent in July compared with June, as all other main sectors have shown a decrease,” said ONS senior statistician Ole Black.
Analysts said the outlook remained clouded by Brexit uncertainties.
“Spending has defied expectations of a slowdown since the Brexit referendum, and currently seems to be holding up despite weak wage growth and above-target inflation,” said Hargreaves Lansdown economist, Ben Brettell.
“This could bode well for economic growth. The UK economy is heavily reliant on the consumer, and economists had expected falling real incomes to eventually translate into weak retail sales,” he said.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.