Uk Retail Sales fall -3.9% in June, but non food sales rise

UK Retail sales fell -3.9% in June 2008, reversing the unexpected May performance of +3.6%. Too much importance should not be given to a single monthly performance but the overall retail sales trend is weakening.

Key findings from the ONS report:

  • Retail sales volume rose by 0.6 per cent in the three months to June 2008 compared with the previous three months.
  • Three-monthly growth in sales volume fell by 0.2 per cent for predominantly food stores. In predominantly non-food stores sales rose by 1.1 per cent. Sales in the non-store retailing and repair sector rose by 0.8 per cent.

http://www.statistics.gov.uk/statbase/prep/870.asp.

John Lewis reported improved sales apart from out of town stores, which declined possibly reflecting higher fuel costs: Times article

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