Economic Buzz: UK Retail Sales Volumes Rise 0.3% In July

19 Aug 2022 , 02:33 PM

UK Retail sales volumes rose by 0.3% in July 2022 following a fall of 0.2% in June 2022 (revised from a fall of 0.1%); sales volumes were 2.3% above their pre-coronavirus (COVID-19) February 2020 levels, but down over the past year. Looking more broadly, in the three months to July 2022, sales volumes fell by 1.2% when compared with the previous three months; this continues the downward trend since summer 2021. The proportion of retail sales online rose to 26.3% in July 2022, from 25.3% in June 2022; 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).Powered by Commodity Insights