Euros and summer offers push July retail sales higher
The Independent|August 17, 2024
British retailers saw sales tick slightly higher last month after a boost from the Euro 2024 football tournament and summer discounting, according to official figures.
HENRY SAKER-CLARK
Euros and summer offers push July retail sales higher

High-street retailers said sales of football shirts, electronics such as TVs and alcoholic drinks were all stronger during England's journey to the Euros final.

Total retail sales volumes, which measure the quantity bought, rose by 0.5 per cent in July, the Office for National Statistics (ONS) said. It was, however, slightly below predictions, with a consensus of economists forecasting a 0.7 per cent increase for the month.

The latest figures follow a 0.9 per cent slump in volumes in June, which was revised from a previous estimate of a 1.2 per cent decline, as retail firms blamed uncertainty ahead of the general election and poor weather conditions.

This story is from the August 17, 2024 edition of The Independent.

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This story is from the August 17, 2024 edition of The Independent.

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