UK retail sales growth quickens in July - CBI 11:16am BST

LONDON, - British annual retail sales growth quickened in July and expectations for August also picked-up, a survey by the Confederation of British Industry said on Wednesday.

UK retail sales growth quickens in July - CBI

LONDON, Wed Jul 23, 2014 11:16am BST

A woman stops to look in the window of a shop in London March 25, 2014.

Credit: Reuters/Luke MacGregor

(Reuters) - British annual retail sales growth quickened in July and expectations for August also picked-up, a survey by the Confederation of British Industry said on Wednesday.
The CBI distributive trades survey's retail sales balance
rose to +21 in July from +4 in June and above economists' forecasts of +16.
Sales expectations for August were +36, up from +17 in July.
The data reinforced the idea that Britain is seeing a steady consumer-led recovery. Official data released in June showed retail sales dropped in May for the first time since January.
(Reporting by Ana Nicolaci da Costa; Editing by Andy Bruce)
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