You are here: Home - Saving & Banking - News -

UK retail sales rise adds to GDP revision hopes

0
Written by:
16/08/2012
UK retail sales have posted a surprise rise in July, up 0.3% from June, beating analysts' expectations of a more modest 0.1% increase.

Sales volumes are up 2.8% on an annual basis, while June’s retail figures were also revised upwards, from 0.1% to 0.8%, the Office for National Statistics said.

The increase has increased expectations the UK’s second quarter GDP decline of 0.7% is expected could be revised upwards when the second estimate is published later this month.

Last week the ONS announced the construction sector contracted a smaller decline in output in the second quarter than previously announced.

That will revise GDP upwards by at least 0.1%, the ONS added.  

 

 

Tagged:

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
UK banking giants face fresh LIBOR probe

Seven leading global banks, including Barclays, RBS and HSBC, have been issued with subpoenas by the state of New York...

Close