UK Retail Sales Growth Accelerates In June

UK retail sales logged a double-digit growth in June as non-food and fuel stores continued their recovery from the sharp falls experienced since the start of the [coronavirus][1] pandemic, the Office for National Statistics reported Friday.

Retail sales volume advanced 13.9 percent on month, faster than the 12.3 percent rise in May and bigger than economists’ forecast of 8 percent.

Growth in sales, excluding auto fuel, improved to 13.5 percent in June from 10.6 percent a month ago. Sales were forecast to grow 7.5 percent.

Non-food stores and fuel sales showed strong monthly growths in the volume of sales at 45.5 percent and 21.5 percent, respectively.

On a yearly basis, retail sales volume dropped at a slower pace of 1.6 percent after easing 12.9 percent in May. Economists had expected a 6.4 percent drop for June.

Excluding auto fuel, retail sales grew 1.7 percent in June, in contrast to a 9.6 percent drop in May. Economists had forecast a 3.7 percent decrease.

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