Shoppers failed to provide much-needed support to the UK economy in August, with retail sales volume falling as uncertainties weighed on people’s purchasing decisions, sector data showed. Retail sales were flat in August compared with the same month last year, according to figures compiled by advisory services firm KPMG with the British Retail Consortium, an industry body. The reading is the second worst August performance since records began in 1995 after a reduction in 2016, and it means there was a contraction after adjusting for price changes.
Shoppers failed to provide much-needed support to the UK economy in August, with retail sales volume falling as uncertainties weighed on people’s purchasing decisions, sector data showed. Retail sales were flat in August compared with the same month last year, according to figures compiled by advisory services firm KPMG with the British Retail Consortium, an industry body. The reading is the second worst August performance since records began in 1995 after a reduction in 2016, and it means there was a contraction after adjusting for price changes.
Click here to read the full article (£)
