In August, UK retail sales rose 1% YoY, slowing from 4.1% in 2021, driven by food and summer clothing, with non-food sales falling 1.7%.

In August, UK retail sales rose by 1% year-on-year, a slowdown from the 4.1% increase in 2021 and below the 12-month average of 1.2%. Growth was driven by food and summer clothing, while non-food sales fell 1.7%. Rising energy prices and concerns over the upcoming Labour budget may weaken consumer spending. Many Britons expect higher costs this Christmas, affecting their purchasing outlook.

September 02, 2024
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