UK retail sales fall 1.2% in July

(Sharecast News) - UK retail sales fell 1.2% in July compared with June, official data showed on Friday with wet weather and the cost of living crisis hitting volumes. Food stores sales volumes fell by 2.6%, with supermarkets reporting that the wet weather reduced clothing sales, although food sales also fell back; retailers indicated that the increased cost of living and food prices continued to affect sales volumes, the Office for National Statistics said.

Non-food stores sales volumes fell by 1.7%, following a rise of 0.6% in June 2023; retailers reported that the fall over the month was because of poor weather reducing footfall.

Reporting by Frank Prenesti for Sharecast.com