Cost of living: Retail sales recover slightly in July with 0.3% rise but long-term decline persists

Summary by Ground News

UK retail sales rose in July but the longer-term downward trend in consumer spending shows no sign of abating, official data shows. Sales increased by 0.3% in July, which was much higher than economists' forecasts of a 0.2% drop, according to the Office for National Statistics.

1 month ago·London, United Kingdom

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Reuters

UK retail gets boost from online shopping in July

British shoppers spent more than expected last month as many were enticed by online shopping promotions, despite a weaker picture recently as households battled the highest inflation in more than 40 years, official figures showed on Friday.

1 month ago·United Kingdom

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The Guardian

Retail sales in Great Britain rise despite cost of living crisis

July rise of 0.3% driven by online promotions but clothing sales continue to fallRetail sales in Great Britain unexpectedly rose in July as consumers continued spending despite concerns over the cost of living crisis.The Office for National Statistics said sales volumes rose by 0.3% on the month, after a revised fall of 0.2% in June, with a range of online sales promotions helping to overcome a broader trend for a decline in spending.Continue re…

1 month ago·London, United Kingdom

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The Independent

Retail sales lift but shoppers are making cutbacks in the long term – ONS

Sales lifted by 0.3% in July, significantly higher than economists’ expectations of a 0.2% drop, the Office for National Statistics reported.

1 month ago·London, United Kingdom

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Financial Post

UK retail gets boost from online shopping in July

LONDON -- British shoppers spent more than expected last month as many were enticed by online shopping promotions, despite a weaker picture recently as households battled the highest inflation in more than 40 years, official figures showed on Friday. Read More

1 month ago·Canada

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Sky News

Cost of living: Retail sales recover slightly in July with 0.3% rise but long-term decline persists

Clothing and household goods sales fall again, with feedback continuing to indicate consumers are cutting back due to increased prices and cost of living concerns, says the Office for National Statistics.

1 month ago·United Kingdom

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