UK retail sales growth accelerated in August thanks to the sunny weather and the interest rate reduction, data from the British Retail Consortium showed Tuesday.
Retail sales increased 3.1 percent on a yearly basis in August, following a growth of 1.0 percent in the previous year.
Food sales advanced 4.7 percent after a growth of 3.9 percent last year. At the same time, non-food sales grew 1.8 percent, reversing last year's 1.4 percent decline.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.