UK retail sales rise 0.9% mom in June, but miss forecasts

UK retail sales rose 0.9% mom in June, a solid rebound from May’s -2.8% mom drop, but shy of expectations for a 1.2% mom increase. On a quarterly basis, sales volumes grew 0.2% qoq in Q2, indicating modest underlying momentum. Fuel sales jumped 2.8% mom—the strongest monthly gain in over a year—while food store volumes […]

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