British retail sales fall unexpectedly

British retail sales unexpectedly fell the most in 10 months in August as demand for food plunged, reversing a surge the previous month.

19th September, 2013

British retail sales unexpectedly fell the most in 10 months in August as demand for food plunged, reversing a surge the previous month.

Sales including fuel declined 0.9 percent from July, the Office for National Statistics said today in London. The median forecast of 20 economists in a Bloomberg News survey was for a 0.4 per cent gain. Food dropped 2.7 per cent after increasing that amount the previous month, which was the biggest gain since April 2011.

The report may...

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