UK retail sales hit by Olympics

Written By Unknown on 20 September 2012 | 16.00

Retail sales in the UK fell during in August as people put off shopping to watch the Olympics, figures show.

Sales fell 0.2% in August from July, according to the Office for National Statistics (ONS).

The ONS said lower sales were driven by a fall in online sales as consumers watched the Olympics instead of shopping on the internet.

However, sporting goods stores saw a sales boost from the Olympics and the new football season.

Analysts said the weak overall sales figure underlined persistent worries over the strength of the economy.

"With retail sales there may have been a lot of distortions due to the Olympics and the risks are to the downside... there is no sign the UK will bounce back strongly," said Paul Robson, currency strategist at RBS.

20 Sep, 2012


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Source: http://www.bbc.co.uk/news/business-19659806#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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