The UK posts more decent economic news

The hobbling British economy boasted two straight months of retail sales increases, the first time Blighty has managed such a feat since July 2012. (Although the 0.2% month-on-month gain was slightly less than the 0.3% that economists polled by Bloomberg had expected.)

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Barclays analysts note that increases in nominal retail sales—the amount of money spent in stores— in recent years have outpaced the actual volumes of sales by about 12% since early 2008. That illustrates “the extent to which high inflation in the UK has damaged consumer spending,” they wrote.

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