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UK retail sales rise in June

Date Added: 10/07/2013  

Retail sales in the UK have been shown to be up in June, reflecting the improved state of the UK's economy during the second quarter of the year.

According to the latest British Retail Consortium (BRC)-KPMG Retail Sales Monitor, UK retail sales values were up 1.4 per cent on a like-for-like basis from June 2012.

On a total basis, sales were found by the report to be up 2.9 per cent, which is against a 3.5 per cent increase in June 2012. The data also showed total sales growth of 2.9 per cent is slightly ahead of the year-to-date average of 2.8 per cent, as well as being better than the 12-month-average of 2.4 per cent.

Director-general of the BRC Helen Dickinson stated that the UK's retail sector saw a strong performance over the course of the month, despite the ongoing challenging economic situation.

She said: "At this halfway point in the year we are able to see that sales are well ahead of the previous six month period, confirming that the retail recovery is continuing."

Ms Dickinson also pointed out that fashion was among the best-performing areas of the retail industry over the course of the month, perhaps reflecting the period of better weather.

"With spirits and temperatures lifted following the weekend and further feelgood news expected later in the month, retailers will be hoping that July builds on this encouraging trend," she noted.

Head of retail at KPMG David McCorquodale described the performance of the retail sector in the UK last month as having been "respectable".

The BRC recently claimed that the retail sector in the UK has "survived and thrived" over the course of recent years, through the recession.

Economic growth in the second quarter is set to be larger than in the first three months of the year, according to a new prediction made by the National Institute of Economic and Social Research. It suggested economic growth will rise from 0.3 per cent to 0.6 per cent.

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Posted by Miles Pritchard

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