Retail sales rebound to £2bn

Net retail sales once again exceeded £2bn in June having suffered a fall the previous month, according to the IMA.

The £2.1bn taken was broadly in line with the average for the last 12 months, after May's dip to £963m. For the first half of 2010, net retail sales are the second best on record at £10.8bn, only slightly down on the record levels experienced in the first half of last year. Sales have now been above £2bn for 12 out of the last 15 months. Last year was a record year, with £25.8bn in net retail sales, compared with a low of £3.8bn in 2008. Meanwhile, continued stock market volatility impacted funds under management which stood at £488.2bn at the end of June 2010, a drop of 2.2% on Ma...