U.K. retail sales fall by 0.7%

Source: Reuters

Sales of U.K. retailers decreased this summer. Consumers spent less due to slow increase of personal income, negative impact of bad weather on demand of seasonal goods and imposition of austerity measures by the government in order to deal with a record high debt. Moreover, Eurozone's debt crisis adds pressure on U.K.'s economy. The official readings implied that retail sales volume decreased by 0.7% in June. One of the U.K.'s leading car parts and bicycles retailer, Halfords, stated a 5.6% decrease in sales this year, additionally, Mothercare, mother and baby goods retailer, recorded a 6.7% fall in turnover.

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