UK retail sales rise 1.4% in May

Neville Prior  21 June 2012 11:14:08 AM

UK retail sales volumes rose 1.4% in May from April, slightly ahead of analysts' forecasts. Sales had slumped 2.3% in April, thanks to the wet weather and consumers panic-buying petrol in March. The Office for National Statistics (ONS) said sales of clothes and shoes had boosted volumes in May. A monthly rise of 1.2% had been expected. Analysts said the ONS data tied in with sales figures reported by retailers in recent weeks.

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