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Higher than Expected UK Retail Sales in June -ONS


July, 21 2017
watermark Economic news

According to the latest reading on the strength of the UK consumer, it shows an optimistic stance. As shown in the most recent retail sales data issued by the Office for National Statistics (ONS), the sales increased by 0.6 percent in June, exceeding expectations of 0.4 percent while there is a 1.1 percent decline in May.

Increased in the area of spending, except in fuel products, were recorded with the largest expansion in sales particularly in household goods stores. While shoes and clothing performed better as well.

The clothing sales in some parts of the United Kingdom came in above average in June, however, the north of the border was failed to boost.

Based on the figures presented by the Scottish Retail Consortium (SRC) earlier this week, it indicates a total increase in sales by only 0.2 percent in June while the sales for non-food items fell by 4.2 percent.

The quarterly trend in UK created by ONS shows that retail sales surged by 1.5 percent in the three months to the end of June, that eliminated the 1.4 percent downturn during the Q1 of 2017.


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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.