News

UK Retail Sales suffer record drop in June

24/07/2008

UK retail sales have seen their sharpest drop for 22 years in June, in stark contrast to May's surprisingly sharp gain.

In May, retail sales grew by 3.6% on the month and increased 7.9% on the year, the biggest monthly gain for 22 years. May's surprisingly strong gains were revised from a rise of 3.5% on the month and an increase of 8.1% on the year reported last month.

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