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Growth in retail sales in the UK was the lowest in 4 months


September, 18 2020
watermark Economic news

According to the UK National Statistical Office (ONS), retail sales in August increased 0.8% from the previous month. This is the lowest growth rate for the last 4 months. In annual terms, sales increased by 2.8%.


Analysts predicted the growth of the first indicator by 0.7%, and the second – by 3%.


Sales in August increased 4% compared to February, the level before the COVID-19 pandemic. Including online sales are now almost 47% higher than the pre-coronavirus volume.


Last month, UK retail sales, excluding motor fuel, rose 0.6% MoM and 4.3% YoY. Experts had expected a rise of 0.4% and 4.2%, respectively.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.