Mubasher: Retailers in the UK saw a slower sales growth in the second quarter of this year, the Office for National Statistics (ONS) said on Thursday.
UK retail sales rose by 0.7% in the three-month period ended June, which marked a slowdown from a stronger increase of 1.6% in the prior period ended May.
Growth was seen across all segments except for food stores and department stores .
The quantity bought from retailers last June alone grew by 1%, driven mostly by non-food sales growth, the ONS said.
In addition, retail sales climbed by 3.8% year-on-year last month, compared with the annual growth of 2.2% seen in May.
June’s growth was driven by increases in all sectors except for department stores.
“Online sales as a proportion of all retailing fell to 18.9% in June, from the 19.3% reported in May,” the ONS said.
By 8:42 am GMT, the GBP/USD pair climbed by 0.38% to $1.2480, while the EUR/GBP pair fell by 0.25% to GBP 0.9005.