Britain's Retail Sales Recoil On Bad June Weather
Faizan Hashmi Published July 21, 2016 | 04:02 PM
LONDON,(APP - UrduPoint / Pakistan Point News - 21st july,2016) : British retail sales sank in June by the heaviest amount in six months, hit by poor weather rather than Brexit uncertainty, official data showed Thursday. Sales by volume fell by 0.9 percent in June compared with May, the Office for National Statistics (ONS) said in a statement. That was worse than analysts' consensus forecast for a 0.6-percent drop in June, and followed a 0.9-percent gain the previous month. The ONS added there had been no anecdotal evidence from retailers of any impact from Britain's shock EU exit referendum that was held on June 23.
Bad weather conditions meanwhile hit demand for clothing and footwear last month. Department stores however were buoyed last month by sales linked to the Euro 2016 football tournament and the Queen's 90th birthday. "All store types showed growth in June with the exception of clothing and footwear which struggled again due to the changeable weather," said Melanie Richard, ONS head of retail sales. "But there was continued strong sales in department stores compared with last June, which were boosted by events such as Father's Day, the Euro 2016 football tournament and the Queen's official birthday."
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 20 April 2024
Today Gold Rate in Pakistan 20 April 2024
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
More Stories From World
-
AI's relentless rise gives journalists tough choices
19 minutes ago -
Formula One: Chinese Grand Prix sprint race results
19 minutes ago -
Weekend job: Trump hits campaign trail on days off from trial
19 minutes ago -
Pogacar aims to halt Van der Poel's bid to emulate Merckx 1975 record
59 minutes ago -
'Bombing' hits Iraq military base: security sources
59 minutes ago -
Heat and Pelicans overcome key absences to take final playoff spots
1 hour ago
-
India pushes Maoist rebel strongholds on road to democracy
1 hour ago -
Verstappen wins Chinese Grand Prix sprint race
1 hour ago -
Second Ecuadoran mayor killed ahead of anti-crime referendum: police
2 hours ago -
Togo lawmakers approve contested political reform
2 hours ago -
Verstappen blasts past Hamilton to win Chinese GP sprint
2 hours ago -
Taylor Swift, tortured poet, exorcises demons with new double album
2 hours ago