British retail sales climb slower in May

Source: Reuters
© Scanpix/Reuters
UK retail sales grew 0.2% in May, better than the expectations of no change at all, but this is a slowdown following 0.9% in the prior month. April in Britain was unexpectedly warm, and this was a positive factor for clothing demand. On the contrary, in May the temperature was lower than normal, which has the opposite effect. Nevertheless, when adjusted for inflation, UK's consumer spending could be strong this year amid low prices and growing wages. 
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