UK consumers spent more on food and in pubs during World Cup in July
England’s World Cup run and warm weather lifted hospitality and retail activity, with food sales up 3.8% and pub transactions rising 10%, reports said.
- Last month, business activity returned to growth as warm weather and The World Cup boosted consumer spending, according to advisory firm BDO's latest report.
- Barclays reported consumer card spending grew 2% year on year in July, while England's World Cup run helped pub transaction volumes surge 10% and spending value rise 7.4%.
- Data from the British Retail Consortium and KPMG showed total retail sales rose 1.3% last month, driven by a 3.8% increase in food sales.
- Hospitality and leisure sectors grew 2.2%, with cinemas enjoying a 2.6% boost from The Odyssey and Toy Story 5 releases, while travel spending declined 0.3%.
- Despite the growth, BDO head of growth Scott Knight cautioned that improvements are likely "temporary, seasonal and short-lived" without greater Government support and policy certainty.
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UK consumers spent more on food and in pubs during World Cup in July
British consumers spent more on food and in pubs last month on the back of England's run to the World Cup semi-finals and hot weather boosted clothing sales but they remained wary of big outlays, according to surveys published on Tuesday.
World Cup leads spending boost as confidence rises, Barclays says
Consumer spending across the UK jumped in July as Brits’ splurged on a summer of sport and sunshine, fresh data from Barclays has shown. Card spending jumped two per cent to its highest level in 12 months following a surge in transactions at pubs, bars and clubs during England’s World Cup run. Overall hospitality and leisure spend was up 2.2 per cent. Around 5.5m pints were forecast to be poured during England’s tournament game against Norway la…
Food Sales Boosted By World Cup But Consumers Avoiding Shops During Heatwaves
Latest retail sales figures from the BRC and KPMG show the sector experienced modest growth during July despite food chains benefiting from a boost during the final week of the World Cup. Total retail sales during the period increased by (more…) The post Food Sales Boosted By World Cup But Consumers Avoiding Shops During Heatwaves appeared first on KamCity.
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