UK: Annual Retail Sales up 3.9% in August, below expectations

FXStreet (Łódź) - National Statistics informed on Thursday that year-over-year UK Retail Sales rose 3.9% in August, compared with the 2.5% increase in July and below forecasts of +4.1%.

On a monthly basis Retail Sales rose 0.4%, after remaining flat, as expected.

Annual Retail Sales excluding Fuel increased 4.5%, up from the 3.3% rise and below market consensus of 4.8% growth. Month-over-month Retail Sales excluding Fuel edged up 0.2%, following a 0.4% increase and slightly below expectations of +0.3%.