By Ed Frankl
U.K. retail sales fell more than expected in July, driven by both declining food and nonfood purchases, with clothes sales especially suffering amid unseasonably wet weather in the month.
Retail-sales volumes ticked down 1.2% on month, a swing from the 0.6% increase in June, data from the Office for National Statistics showed Friday.
The reading was compares with expectations of a 0.4% decline in volumes from a consensus of economists polled by The Wall Street Journal.
Write to Ed Frankl at edward.frankl@wsj.com
This article was originally published by Marketwatch.com. Read the original article here.
