The Trader 

Market Outlook: UK retail sales worst on record

The Trader

Data published late yesterday by the British Retail Consortium showed that in July total retail sales grew by just 0.3 per cent, versus a 1.6 per cent increase this time last year, and the weakest reading since the series began in 1995. In the 3 months to July nominal retail sales fell by 1.3 per cent, again a record low figure. Non-food sales fell by 4.1 per cent, and department store sales by 3.9 per cent using Barclaycard data. Online non-food sales grew by just 3.7 per cent as against a 7.5 per cent gain in July 2018. What did manage to attract increased spending were restaurants (up 10.1 per cent) and cinemas (up 14.8 per cent).

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