RTTNews - Thursday, a report from the Office for National Statistics showed an annual decline of 1.6% in the U.K. retail sales volume in May. Economists had expected only 0.4% fall in sales. Food store sales were down 1.3%, while non-food store sales declined 3%.

From April, retail sales volume unexpectedly decreased 0.6%, as economists were looking for a 0.3% rise.

In three months to May, total sales volume was 0.6% higher than in the same period of last year. Meanwhile, sales value grew by a seasonally adjusted 1.3%.

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