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- UK retail sales rose sharply in July
UK retail sales rose sharply in July
According to the report from Office for National Statistics, the quantity bought in retail sales in July 2019 increased by 0.2% when compared with the previous month, with strong growth of 6.9% in non-store retailing. Economists had expected a 0.2% decrease.
Department stores’ growth increased for the first time this year with a month-on-month growth of 1.6%; this was following six consecutive months of decline.
In July 2019, online retailing accounted for 19.9% of total retailing compared with 18.9% in June 2019, with an overall growth of 12.7% when compared with the same month a year earlier.
In the three months to July 2019, the quantity bought in retail sales increased by 0.5% when compared with the previous three months, with food stores and fuel stores seeing a decline.
Year-on-year growth in the quantity bought increased by 3.3% in July 2019, with food stores being the only main sector reporting a fall at negative 0.5%. Economists had expected a 2.6% increase.
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