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Retail sales volume of the UK surge by 0.3% after falling by 0.2% in Jun

BTJ Desk Report
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Retail sales volume of the UK surge by 0.3% after falling by 0.2% in Jun

The retail sales volumes of the UK surged by 0.3% in July this year following a fall of 0.2% in June, according to the data from the Office of National Statistics (ONS).

Data also said that the sales volumes were 2.3% above their February 2020 levels, but down over the past year.

Moreover, clothing stores’ sales volumes fell by 1.2% in July, following a fall of 3.9% in June this year.

In the three months to July 2022, sales volumes fell by 1.2% compared with the previous three months; this continues the downward trend since summer 2021, data showed.

However, non-store retailing (predominantly online retailers) sales volumes rose by 4.8% this July.

The proportion of retail sales online rose to 26.3% in July from 25.3% in June.

Despite this pick-up, it continues a broad downward trend since its peak in February 2021 (37.5%), but remains above pre-pandemic levels (19.8% in February 2020).

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