U.K. retail sales grew 0.3 percent in July from a month ago, data from the Office for National Statistics showed Thursday. Economists had forecast a slight 0.1 percent drop after rising 0.8 percent in June.
On a yearly basis, sales volume advanced 2.8 percent year-on-year. The increase was better than the 2.6 percent growth logged in June and the consensus forecast of 1.4 percent.
Excluding automotive fuel, sales volume remained flat on a monthly basis, following June's 1.1 percent increase. At the same time, annual growth remained unchanged at 3.3 percent. Economists had expected a 0.2 percent monthly fall and an annual growth of 2 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.