Shop­pers keep on spend­ing

Cynon Valley - - NEWS -

SHOP­PERS have de­fied Brexit con­cerns to con­tinue their spend­ing spree over the sum­mer, fig­ures show.

Re­tail sales were up 0.3% in Au­gust on the month be­fore, ac­cord­ing to the Of­fice for Na­tional Sta­tis­tics.

Sales of house­hold goods jumped by 4.5% while other non-food stores en­joyed a 2.8% rise. How­ever, food sales fell by 0.6% and cloth­ing fell by 1.9%.

The last three months of sum­mer from June to Au­gust saw sales rise by 3.4% com­pared with the pre­vi­ous sum­mer, with food and house­hold goods stores do­ing well in the warm weather.

Spend­ing on­line con­tin­ued to in­crease to reach a new record pro­por­tion of all re­tail­ing at 18.2%, while spend­ing in de­part­ment stores also reached a record pro­por­tion at 18.4%.

ONS se­nior statis­ti­cian Rhian Mur­phy said: “The fig­ures for Au­gust were a lit­tle more mixed, with food sales fall­ing after strong sales ear­lier in the sum­mer, and cloth­ing sales de­clin­ing fol­low­ing a strong July, as sug­gested by cloth­ing re­tail­ers.

“On the other hand, house­hold goods grew strongly.”

Tom Steven­son, in­vest­ment di­rec­tor at Fi­delity In­ter­na­tional, said: “We are likely to see con­sumers start tight­en­ing their belts again.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.