Thursday, August 17, 2006
Retail sales fall in July and June figure is revised downwards
Retail sales in British shops unexpectedly fell in July for the first time in six months and it could defuse calls for further increases in interest rates. The Office for National Statistics said sales volumes fell by 0.3% last month compared with expectations of a rise of 0.2%. June's rise was also revised lower to 0.7% from an initially reported 0.9%.