U.S. News

U.K. Retail Sales Weaker Than Expected in June


British retail sales rose less than expected in June because supermarkets suffered due to the exceptionally wet weather, official data showed on Thursday.

The Office for National Statistics said sales rose 0.2% last month, leaving them 3.4% up on the year.

That compared to analysts' forecasts for a rise of 0.3% on the month and of 3.5% on a year ago.

Department store sales rose sharply but the ONS said this was because they had started their usual summer discounting earlier than last year.

The retail sales deflator, a measure of price pressures on the high street, fell to 0.1% from 0.5% in May, it's lowest since February.

Food sales, meanwhile, fell 1.1% as the wettest June on record meant consumers shied away from buying summer food items.