UK Retail Sales Growth Eases in June From Five-Month Peak – CBI

British retail sales growth eased in June from a five-month high reached during the previous month, although it remained above average for the time of year, an industry survey showed on Thursday.

The Confederation of British Industry’s retail sales balance fell to +29 in June from +51 in May, with the slowdown driven mostly by the grocery sector.

The measure of expected sales for the month ahead also eased after hitting a more than 26-year high in last month’s survey, though on a three-month moving average it rose to a new high.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.