New figures highlight ‘weak’ retail performance in July

Meals gross sales declined by 1.5% in the course of the month, in contrast with June, as extra shoppers had been in a position to return to hospitality venues due to the easing of lockdown restrictions.

One other issue was the top of the Euro 2020 soccer match which had supplied a short-term enhance for food and drinks gross sales in June.

This fall is broadly according to debit and bank card knowledge, which additionally reveals a decline in spending on meals between June and July alongside a rise in social spending (consuming out and takeaways) which can be linked to the lifting of hospitality restrictions.

Nonetheless, the longer-term retail traits are extra constructive in comparison with pre-pandemic gross sales performances.

Retail gross sales in July had been 5.8% greater than in February 2020, earlier than the influence of coronavirus and nationwide lockdowns began to influence on enterprise.

Gross sales of meals by shops in July had been additionally 4.9% above the pre-pandemic ranges of early 2020.

The brand new ONS knowledge additionally reveals that retail gross sales volumes over the past three months are up 11% on a 12 months in the past whereas enterprise in July was 2.4% greater than the identical month final 12 months.

The proportion of retail gross sales on-line elevated to 27.9% in July from 27.1% in June and stays considerably greater than the proportion of on-line retail spending in February 2020 when it was simply 19.8%.

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