UK Retail Sales Rise 1.3% in July as Heat Wave Keeps Shoppers Home
Updated
Updated · Bloomberg · Aug 11
UK Retail Sales Rise 1.3% in July as Heat Wave Keeps Shoppers Home
3 articles · Updated · Bloomberg · Aug 11
Summary
Britain’s retail sales value rose 1.3% from a year earlier in July, according to the British Retail Consortium, signaling a slowdown in consumer spending.
That gain was half the pace recorded a year earlier and trailed the 12-month average, suggesting the recent boost in household demand is fading.
Retailers said extreme heat kept shoppers at home, with consumers still spending on small treats while cutting back on other purchases.