The readings are a miss on estimates but at least reaffirms a rebound after a very weak May showing. The details show broad increases in sales volumes, led by food store sales as retailers noted that the warm weather has had a positive effect. Non-store retailer's sales volumes, which mainly includes online retailers, rose by 1.7% - the highest since February 2022. Retailers suggested that promotions and the good weather contributed.
All in all, it's a positive showing after a very poor one in the month before. In that lieu, it isn't good to change things with regards to the BOE outlook.
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