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UK retail sales grow unexpectedly in August |
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FXstreet.com (Barcelona) – Retail sales posted an unexpected and considerable increase in August driven by boosting sales of clothing and footwear, according to data released by National Statistics.
From July to August, retail sales have posted a 1.2% increase, against the experts’ expectations of a 0.5% decline. Augusts’ increase has reversed the latest quarters’ trend which averages a 0.8% decline in sales.
Year on year, retail sales have increased 3.3%, following a 2.1% increase in July.
Posted originally: 9/18/2008 8:42:00 AM
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