Warm Weather Helps UK Retail Sales Return to Modest Growth
- Shoppers spent money on clothes and beauty products in July
- Consumers are still reluctant to splash out on expensive items
Consumers remain cautious with their spending after a period of high inflation, but there are signs that confidence is growing.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Warm weather helped return UK retail sales to modest growth last month as shoppers splashed out on summer clothes and health and beauty products.
UK retail sales rose 0.5% year-on-year in July, according to a report Tuesday by the British Retail Consortium and KPMG. That’s an improvement from the 0.2% decline seen in June, but a smaller gain than the 1.5% increase in July 2023.