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UK retail sales rise more than forecast

Staff Writer |
Data from the Office for National Statistics showed that retail sales volume grew 0.3% month-on-month in July, the same rate as logged in June. Sales were expected to rise at a slower pace of 0.2%.

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Excluding auto fuel, retail sales climbed 0.5% after rising 0.6% in June. This was also faster than the expected 0.1%.

On a yearly basis, retail sales volume growth slowed to 1.3% from 2.8% in June. Economists had forecast 1.4% annual growth.

Likewise, sales excluding auto fuel, grew 1.5%, weaker than June's 2.8% increase, but better than 1.2% forecast.

Data from the Ministry of Finance showed that Japan logged a merchandise trade surplus of 418.8 billion yen in July.

That topped forecasts for a surplus of 327.1 billion yen but was down from 439.8 billion yen in June.

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