Survey: UK retail has biggest June sales rise for six years

Reuters reporting a latest survey published on Friday, showing that the UK enjoyed the biggest June retail sales rise in six years.

Key Points via RTRS:

Accountancy firm BDO said its monthly High Street Sales Tracker found overall like-for-like sales rose 1.3 percent in June.

"This growth was off a negative base of -3.6 percent for the same month last year, but after four months with no growth, this might offer a ray of sunshine to UK retailers," BDO said.

It said fashion sales increased 1.4 percent, while homeware sales were up 0.5 percent.

"Retailers will take heart from consumers’ willingness to spend, but there is evidence shoppers are delving into their savings which is clearly not a sustainable position," said Sophie Michael, head of retail and wholesale at BDO.