British retail sales edged down in June as drivers cut back on record-priced fuel, with consumers reducing shopping less than expected, data showed, though the trend remained weak as households struggle with surging inflation.
Retail sales volumes fell by a smaller-than-expected 0.1% from May, the Office for National Statistics said on Friday. Economists polled by Reuters had expected a 0.3% monthly fall.
Excluding automotive fuel, volumes in June rose by 0.4% on the month, compared with a poll forecast for a fall of 0.4%. A monthly fall in May was estimated to have been more severe than originally thought, showing a drop of 0.8% from April compared with an initially reported decline of 0.5%. The Bank of England is expected to raise interest rates for the sixth time since December on Aug. 4, potentially adding to the drag on economic growth.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
U.S. Home Sales Fell Again in June, Economists EstimateU.S. home prices hit a new record median of $416,000 in June as sales fell for a fifth straight month
Les mer »
Existing home sales tumble in June as prices hit another record highRising mortgage rates combined with the steady increase in home prices has pushed prospective homebuyers out of the market in recent months, new data shows.
Les mer »
US: Existing Home Sales decline by 5.4% in June to 5.12 millionExisting Home Sales in the US declined for the fifth straight month in June to a seasonally adjusted annual rate of 5.12 million, the National Associa
Les mer »
U.S. home sales fell, but prices reached new high in JuneHigher mortgage rates and rising prices are keeping many home hunters on the sidelines.
Les mer »
U.S. Home Prices Hit New Record of $416,000 in June as Sales Continued to SlideThe median existing home price hit another record and sales declined for the fifth straight month as higher interest rates pushed more buyers out of the market.
Les mer »
US home sales fell in June as prices reach new heightsSales of previously occupied U.S. homes slowed for the fifth consecutive month in June as higher mortgage rates and rising prices kept many home hunters on the sidelines.
Les mer »