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U.K. retail sales registered a weak growth in June, the Distributive Trades Survey from the Confederation of British Industry showed Tuesday.
The retail sales balance fell to +4 percent from +7 percent in May. Nonetheless, it was better than the -5 percent balance predicted in May.
At the same time, orders placed on suppliers fell over the year at a somewhat slower pace than in the previous month. The order balance improved to -15 percent from -31 percent in May.
Sales growth is expected to pick up next month, but orders are expected to continue falling although at a slightly slower pace.
The retail sales balance is expected to climb to +10 percent and the order balance to rise to -10 percent in July.
