Print Edition - 2018-06-15  |  Money Digest

UK retail sales soar 1.3pc on royal wedding

LONDON

Jun 15, 2018-

British retail sales soared in May, basking in sunny weather and the royal wedding, official data showed on Thursday. Sales rallied 1.3 percent last month after a jump of 1.6 percent in April, the Office for National Statistics said in a statement, adding that there was growth across all sectors. “Feedback from retailers suggested that a sustained period of good weather and royal wedding celebrations encouraged spending in food and household goods stores in May,” the ONS said. Market expectations had been for a more moderate 0.5-percent increase in May, according to economists polled by Bloomberg. (AFP)

Published: 15-06-2018 08:08

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