News
UK retail sales for August down on previous estimate
Written By:
Your Money
Posted:
Updated:
20/09/2012
UK retail sales fell by 0.2% month-on-month in August, according to the latest data out from the Office for National Statistics (ONS).
However, in year-on-year terms total retail sales grew by 2.7%.
June’s reading has also been revised down to show a rise of only 2.3%, instead of the preliminary estimate of 2.8%.
Core sales, which exclude oil, dropped 0.3% month-on-month, as forecasted, and increased at a 3.1% year-on-year pace.
This is revision down from the previous month´s reading from 3.3% to a growth of 2.8%.
