LONDON: British retail sales unexpectedly edged up in July, helped by the strongest growth in online spending in three years, as consumers continued to support the economy before the Oct. 31 Brexit deadline.
Thursday's data suggested consumers continued to take Brexit in their stride, helped by modest inflation and wages growing at their fastest rate in 11 years. "They will continue to be mindful of the looming Brexit threat and potential impact on their international supply chains, with possible cost increases and price rises on the horizon."
However, household-goods stores reported their biggest monthly drop in sales in two years, down 5.4per cent. Anecdotal evidence suggested warm weather had kept shoppers out of furniture and lighting stores.
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