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15 Aug 2013
UK: Annual Retail Sales surprise to the upside in July
FXstreet.com (Barcelona) - National Statistics informed on Thursday that year-over-year UK Retail Sales grew 3% in July, compared with the 1.9% increase in June and above forecasts of +2.5%.
On a monthly basis UK Retail Sales climbed 1.1% in July, up from the 0.2% increase in June and above expectations of rising 0.6%.
Annual Retail Sales excluding Fuel grew 3.1%, up a notch from the 2.1% rise and above market consensus of 2.7% growth. Month-over-month Retail Sales excluding Fuel edged up 1.1%, following a 0.3% increase and exceeding expectations of +0.6%.
On a monthly basis UK Retail Sales climbed 1.1% in July, up from the 0.2% increase in June and above expectations of rising 0.6%.
Annual Retail Sales excluding Fuel grew 3.1%, up a notch from the 2.1% rise and above market consensus of 2.7% growth. Month-over-month Retail Sales excluding Fuel edged up 1.1%, following a 0.3% increase and exceeding expectations of +0.6%.