US EditionWarm weather lifts UK retail sales in July but shoppers shun big purchases
- UK total retail sales increased by 0.5% year on year in July, partly due to warm weather, despite consumers being cautious about big purchases during the cost of living crisis.
- David Lonsdale from the Scottish Retail Consortium noted retail sales had a fourth consecutive monthly decline as Scots preferred leisure activities over spending in stores.
- Discretionary spending fell 0.3% year on year in July, with families focusing on summer clothes and health products while avoiding larger purchases like furniture.
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UK retail sales pick up as summer finally heats up
Retail sales returned to growth in July after the long-awaited summer boost for retail finally arrived along with the warmer weather. Total retail sales increased by 0.5 per cent year on year in July, up from the three-month average growth rate of 0.3 per cent, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor Retail sales fell 1.5 per cent month on month in June. Sales of clothing, health and beauty products did parti…
·London, United Kingdom
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Leaning Left2Leaning Right1Center0Last UpdatedBias Distribution67% Left
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