Investing.com - Retail sales in the U.K. rose for the second consecutive month in June, easing concerns over the country’s economic outlook, official data showed on Thursday.
In a report, the U.K. Office for National Statistics said retail sales inched up by a seasonally adjusted 0.2% in June, in line with expectations.
Retail sales rose by 2.1% in May.
Year-on-year, retail sales increased at an annualized rate of 2.2% last month, above expectations for a 1.7% gain, after rising at a rate of 2.1% in May.
Core retail sales, which exclude automobile sales, rose 0.2% in June, in line with forecasts, after increasing 2.1% in the preceding month.
Following the release of the data, the pound trimmed losses against the U.S. dollar, with GBP/USD shedding 0.08% to trade at 1.5201.
Meanwhile, European stock markets remained mixed. London’s FTSE 100 eased up 0.4%, the EURO STOXX 50 rose 0.2%, France’s CAC 40 added 0.2%, while Germany's DAX shed 0.1%.
In a report, the U.K. Office for National Statistics said retail sales inched up by a seasonally adjusted 0.2% in June, in line with expectations.
Retail sales rose by 2.1% in May.
Year-on-year, retail sales increased at an annualized rate of 2.2% last month, above expectations for a 1.7% gain, after rising at a rate of 2.1% in May.
Core retail sales, which exclude automobile sales, rose 0.2% in June, in line with forecasts, after increasing 2.1% in the preceding month.
Following the release of the data, the pound trimmed losses against the U.S. dollar, with GBP/USD shedding 0.08% to trade at 1.5201.
Meanwhile, European stock markets remained mixed. London’s FTSE 100 eased up 0.4%, the EURO STOXX 50 rose 0.2%, France’s CAC 40 added 0.2%, while Germany's DAX shed 0.1%.