UK retail sales take a tumble

20th June, 2019 10:53:34 printer

LONDON: British retail sales sank in May, official data showed Thursday, sounding a downbeat note on the Brexit-facing economy ahead of an interest rate decision from the Bank of England.

Sales by volume sank by 0.5 percent from April, when they had dipped by 0.1 percent, the Office for National Statistics said in a statement, reports AFP.

Volumes slid as volatile weather persuaded many Britons to delay the purchase of summer clothing, according to the ONS. The sizeable drop was in line with market expectations.

"The fall on the month was driven mainly by a 4.5-percent fall in clothing sales as unusually warm weather in April was followed by the reverse in May," noted Capital Economics analyst Andrew Wishart.