Jul 24, 2020

Retail sales continue to bounce back in June

UK retail sales continued their bounce back in June, as the reopening of shops released pent-up demand. Sales were boosted by food stores, which reached new highs for the pandemic period. Volume food sales were 5.3% higher while non-store retailing grew by 53.6% compared to February. The ONS said rebound brings overall retail sales back to where they were pre-lockdown, but it added that there was a "Mixed picture" in different store types. "The proportion of online spending reduced to 31.8% in June when compared with the record 33.3% reported in May, but is a considerable increase from the 20% reported in February," said the ONS. The ONS added that fuel sales remained at low levels, despite some recovery in May and June with the ease of travel restrictions.

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