A BDpro median consensus forecast from a survey of six economists had expected retail sales to increase by 0.8%.
Seasonally adjusted retail trade sales increased by 1.2% month on month in July 2014 following a monthly contraction of 0.9% in June and an increase of 0.7% in May.
The main contributors to the 2.4% increase were general dealers (contributing 0.9 of a percentage point) and retailers in textiles‚ clothing‚ footwear and leather goods (contributing 0.9 of a percentage point).
Seasonally adjusted retail trade sales increased by 0.6% in the three months ended July 2014 compared with the previous three months.
Retail trade sales increased by 1.4% in the three months ended July 2014 compared with the three months ended July 2013 mainly due to higher sales by general dealers; and retailers in textiles‚ clothing‚ footwear and leather goods.
Source: BDpro via I-Net Bridge
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