RTTNews - Thursday, data released by the Office for National Statistics showed that UK retail sales grew 1.2% month-on-month in June, exceeding economists' expectations for a 0.3% increase. The latest report showed that the 0.6% slump initially recorded for May was downwardly revised to a 0.9% decline.

Sales in predominantly food stores climed 0.7% in June, matching the growth seen in March, the highest since October 2008.

Year-on-year, retail sales grew 2.9% in June, topping expectations for a 2.1% rise. The latest increase is the highest since December 2008, the ONS said. The 1.6% decline initially reported for May was downwardly revised to a 2% fall.

For comments and feedback: contact editorial@rttnews.com