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| Version 0 | Version 1 |
|---|---|
| UK retail sales dip in June | UK retail sales dip in June |
| (34 minutes later) | |
| UK retail sales fell unexpectedly by 0.2% in June, after consumers bought fewer household goods, and less food and petrol. | UK retail sales fell unexpectedly by 0.2% in June, after consumers bought fewer household goods, and less food and petrol. |
| The figures from the Office for National Statistics (ONS) also showed the annual rate of sales growth slowed to 4.0% last month from 4.7% in May. | The figures from the Office for National Statistics (ONS) also showed the annual rate of sales growth slowed to 4.0% last month from 4.7% in May. |
| That was the slowest annual growth rate since September 2014, and was below analysts' forecasts. | That was the slowest annual growth rate since September 2014, and was below analysts' forecasts. |
| However, the ONS said the annual growth rate was still "strong". | |
| The value of online sales in June increased by 1.4% compared with May and accounted for 12.4% of all retail sales. | |
| Howard Archer, chief UK and European economist for IHS Global Insight, said the June sales data was "a little disappointing" but added that the figures were "not a body blow to improved second quarter growth hopes". | |
| He noted that retail sales volumes "still rose by a decent 0.7%" in the second quarter compared with the same period last year, suggesting consumer spending made "a healthy contribution to GDP growth". |