Future Of British Business
UK Retail Sales Rebound as Shoppers Return From Wet July
- Rising prices mean consumers are paying more to buy less
- Full impact of interest rate increases has yet to hit
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UK retail sales rebounded in August as the return of more settled weather brought consumers back into the shops.
The volume of goods sold in stores and online rose 0.4% in August, the Office for National Statistics said Friday. It followed a revised 1.1% drop in July, when cool and rainy conditions reduced activity. Economists had expected a gain of 0.5% in the latest month.