UK retail sales volumes dropped 0.2% in June due to cold weather, causing the first decline since February 2021.
UK consumer spending slumped in June due to cold weather, causing a dip in retail sales volumes. According to the BRC-KPMG Retail Sales Monitor, total UK retail sales dropped by 0.2% compared to last June, with non-food product sales falling by 2.9% year-on-year. Clothing and footwear, along with DIY and gardening, experienced significant declines due to their sensitivity to weather conditions. This marks the first drop in retail sales since February 2021.
July 08, 2024
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