Business & Finance
UK Retail Sales Bounce Back in Surprising Boost for Economy
Key Points
UK Retail Sales Bounce Back in Surprising Boost for Economy UK retail sales rebounded unexpectedly strongly in May while previous months were revised upwards in a positive sign for the wider economy. The Office for National Statistics said the volume of goods sold online and in stores surged 1.2%, after a revised 1% drop the previous month when families were reeling from high fuel prices. It was the sharpest rise since January, and much better than the 0.5% increase expected by economists.
UK Retail Sales Bounce Back in Surprising Boost for Economy
UK retail sales rebounded unexpectedly strongly in May while previous months were revised upwards in a positive sign for the wider economy.
The Office for National Statistics said the volume of goods sold online and in stores surged 1.2%, after a revised 1% drop the previous month when families were reeling from high fuel prices. It was the sharpest rise since January, and much better than the 0.5% increase expected by economists.