Market participants' central estimate suggests British retailers enjoyed steady sales growth in July after slipping slightly a month before. A continuous deflation in UK shops, as reported by the British Retail Consortium (BRC), and a sharp deceleration of Consumer Price Index (CPI) inflation, should again offer consumers more confidence in keeping sales volumes rising tentatively in July. Sales volumes excluding auto fuel should pick up 0.4% between June and July, up from a decline of 0.1% a month before. The total sales should also accelerate by the same rate of 0.4%, according to market expectations. The Office for National Statistics ... (Read the full story)
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