Retail sales rise 0.1% in July: official data

AFP
Shoppers walk past sale signs on Oxford Street in central London on January 4, 2014
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Shoppers walk past sale signs on Oxford Street in central London on January 4, 2014 (AFP Photo/Andrew Cowie)

London (AFP) - Retail sales grew by a weaker-than-expected 0.1 percent in July from the level in June, official data showed on Thursday.

Retail sales, a key indicator of household spending confidence, also rose 2.6 percent compared with July 2013, the Office for National Statistics said in a statement.

The data missed market expectations for a monthly gain of 0.5 percent and an annual jump of 3.1 percent, according to analysts polled by Dow Jones Newswires.

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