ECONOMICS COMMENTARY
Jun 20, 2013
UK retail sales rebound to record high in May
Improved consumer confidence helped drive retail sales to the highest ever in June, adding to signs that the UK economic recovery is gaining momentum. Economic growth in the second quarter is shaping up to be stronger than in the first quarter, with a rise of 0.5% looking likely. However, falling real incomes remain a concern and will weigh on the recovery, limiting the rate at which the economy can grow.
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