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September 9, 2009

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British Retail Business Dips In August

RETAIL sales in the United Kingdom fell 0.1 percent in August compared to a miserably wet August a year ago, suggesting consumer spending remains weak despite improved economic indicators, the British Retail Consortium said yesterday.

Total sales rose 2.2 percent despite dropping on a like-for-like basis, according to the BRC-KPMG Retail Sales Monitor. Officials said the surge in consumer spending was due to good weather and price cuts.


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