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18.07.2019 16:45

UK retail sales rose sharply in June

According to the report from Office for National Statistics, in the three months to June 2019, the amount spent and the quantity bought both increased by 0.7% respectively when compared with the previous three months, with growth across all sectors except food stores and department stores. This has slowed from the stronger growth of 1.5% in the amount spent and 1.6% in the quantity bought in the three months to May 2019.

The quantity bought in June 2019 increased by 1.0% when compared with May 2019; non-food stores provided the largest contribution to this growth. Economists had expected a 0.3% decrease. The monthly picture also showed strong growth of 1.3% for the amount spent.

The year-on-year growth rate shows that the quantity bought in June 2019 increased by 3.8%, with growth across all sectors except department stores, while May 2019 was at 2.2% for the year-on-year growth rate. Economists had expected a 2.6% increase in June.

Online sales as a proportion of all retailing fell to 18.9% in June 2019, from the 19.3% reported in May 2019.


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