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.
by RTT Staff Writer
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