UK retail sales excluding auto fuel improved in Julyas it rose to 0.9% compared with the prior 1.0% which was revised to 1.1%. Annually, the reading climbed to 2.4% from the previous 3.1% revised up to 3.0%. Analysts expected 0.2% and 1.8% rise on the month and the year respectively.
Retail sales with auto fuel jumped to 1.1%, higher than both prior and medina estimates of 0.7% and 0.3% respectively. On the year, the reading soared to 1.3%, inline with the preceding reading that was revised to 1.1%, beating projections of 0.6%.