UK retail sales dampened by wet weather

Down 1.2%

Eve Maddock-Jones
clock • 1 min read

UK retail sales declined by 1.2% in July, with the poor weather contributing to the drop, according to the Office for National Statistics.

This followed a 0.6% increase in June, revised from 0.7% rise previously. It was the wettest July since 2009 and the sixth heaviest rainfall for the month on record, as the UK missed out on the widespread heat wave hitting the rest of Europe. Core inflation remains 'stubborn' despite falling headline figure The rainy weather was linked to a dip in clothing sales as footfall was reduced, while the ongoing cost-of-living crisis and rising food prices also acted as a headwind, the ONS figures showed. Non-food sales were down 1.7% and food store sales volumes decreased by 2.6%. C...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Trustpilot