UK retail sales rebounded in August as the return of more settled weather brought consumers back into the shops.
The volume of goods sold in stores and online rose 0.4% in August, the Office for National Statistics said Friday. That partially recovered from a revised 1.1% drop in July, when cool and rainy conditions reduced activity. Economists had expected a gain of 0.5% in the latest month.
Food stores bounced back from soggy sales in July, with volumes rising 1.2%. A recovery in clothing retailers helped non-store sales climb 0.6% even as the cost-of-living crisis suppresses spending. Consumers received a further boost yesterday when the Bank of England maintained rates for the first time in almost two years after a surprise slowdown in the rate at which prices are rising.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Growth in illegal tobacco sales costing 3 provinces $2.47 billion in taxes: retail reportThe governments of British Columbia, Ontario and Newfoundland and Labrador lost up to $2.47 billion in tax revenues over four years due to the growth in illegal tobacco sales, says a convenience industry report.
Read more »
Edmunds answers the most asked questions from first-time EV buyersAs sales of electric vehicles continue to grow, so do the number of questions curious shoppers have when considering making the switch to a fully electrified car, truck or SUV. Undoubtedly, the experience of driving and owning an electric vehicle is different from the traditional one for a gas-powered vehicle. To help first-time EV shoppers, the automotive experts at Edmunds address the most common concerns car shoppers have about going electric. SHOULD I WORRY ABOUT RANGE ANXIETY? It’s true, no
Read more »
Litecoin rebound falters at key level, will sellers take over?Sellers dominate in the short term as Litecoin bulls fail to clear a key price obstacle.
Read more »
B.C.'s post-pandemic transit ridership rebound exceeds rest of CanadaUrban public-transit ridership in the province remains 14 per cent below 2019 level
Read more »