Mortgage & Property

New Insurance Professional

Family Office Bulletin


Mortgage Property

Insurance Professional

Family Office

UK August retail sales record unexpected 0.9% fall

UK retail sales volumes fell 0.9% in August from July and unchanged year on year, the Office for National Statistics said on Friday.

Analysts had forecast a 0.5% rise from July and year-on-year growth of 2.7%. Retail sales had risen 2.4% annually in July. However, August retail sales were 4.6% above pre-virus levels.

Food store sales volumes fell by 1.2% with some evidence to suggest that the further easing of Covid-19 hospitality restrictions had an impact on sales as people increased their social spending such as eating and drinking at restaurants and bars, the ONS said.

Non-food stores reported a fall of 1.0% in sales volumes, driven by falls in department stores (-3.7%) and other stores, such as sports equipment and computer stores (negative -1.2%).

Automotive fuel sales volumes rose by 1.5% as more people used their cars, however, they remained 1.2% below their pre-pandemic February 2020 levels.

This Week’s Most Read

Keep updated on the most important financial events 

Make sure you are an informed

wealth professional..

Adblock Blocker

We have detected that you are using

adblocking plugin in your browser. 

IFA Magazine