Great Britain Retail Sales Fall 0.5% in July as 3-Month Volumes Rise 1.1%
Updated
Updated · Forex Factory · Aug 22
Great Britain Retail Sales Fall 0.5% in July as 3-Month Volumes Rise 1.1%
3 articles · Updated · Forex Factory · Aug 22
Summary
July retail sales volumes in Great Britain fell 0.5%, reversing June’s revised 0.7% gain and marking a monthly setback after two months of growth.
Non-food demand weakened in the heat, but food and online sales held up: supermarkets benefited from hot-weather purchases such as drinks, while non-store retailers gained from promotions, sports merchandise and fans.
Despite the monthly drop, sales volumes rose 1.1% in the three months to July versus the three months to April, suggesting consumer spending remained firmer over the broader period.