UK Retail Sales Fall 0.5% in July as Heat and Fewer Discounts Deter Shoppers
Updated
Updated · Bloomberg · Aug 21
UK Retail Sales Fall 0.5% in July as Heat and Fewer Discounts Deter Shoppers
3 articles · Updated · Bloomberg · Aug 21
Summary
UK retail sales volumes fell 0.5% in July, the first decline since April, partly reversing June’s downwardly revised 0.7% gain.
Scorching weather and fewer promotions curbed shopping activity, ending a recent rebound in consumer spending, the Office for National Statistics said.
July’s drop matched economist forecasts, suggesting the weakness was expected even after stronger spending in the previous two months.