British retail sales unexpectedly fell in August after shoppers bought less onli...
LONDON - British retail sales unexpectedly fell in August after shoppers bought less online than the month before, when an annual promotion by Amazon appeared to have encouraged them to splash out, official figures showed on Thursday.
Monthly retail sales volumes dipped by 0.2%, the Office for National Statistics said, compared with an average forecast for a flat reading in a Reuters poll of economists and the first fall in three months. On Thursday the boss of Next , one of Britain’s biggest clothing retailers, reported a rise in profits and told Reuters that disappointing sales in recent weeks appeared to reflect unusually warm weather, rather than Brexit jitters.
Looking at the three months to August as a whole, sales rose 3.3% on an annual basis, broadly in line with their average over the past year, and there was no market reaction to the data.
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