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Rolling coverage of the latest economic and financial news Some more upbeat news this morning – there was a strong rise in UK retail sales in June, helped by sunny weather and the World Cup. The total volume of goods...
Some more upbeat news this morning – there was a strong rise in UK retail sales in June, helped by sunny weather and the World Cup.
The total volume of goods sold in stores and online rose 1% in June, according to the Office for National Statistics, following a 1.2% rise in May. However, it compared very favourably with expectations of a 0.3% decline.
While retailers have been enjoying the boost to sales, there are challenges ahead, particularly as hostilities in the Middle East resume.
Household budgets remain under pressure, consumer confidence is fragile, and retailers are facing rising operating costs.
Source: The Guardian
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