Heatwave boosts high street sales
Thursday 15 August 2013
Soaring temperatures boosted sales of food, alcohol and clothing in July to fuel hopes over the recovery in consumer spending.
Retail sales rose 1.1% in July on a month earlier and were up 3% on July 2012 - the steepest rise for two and a half years - driven by soaring sales at supermarkets and department stores.
The heatwave saw shoppers stock up on barbecue goods to drive food sales volumes 2.1% higher on a year earlier, the sharpest rise in more than two years, figures from the Office for National Statistics (ONS) showed.
The 1.1% gain was well ahead of economists' average hopes for a 0.7% month-on-month increase and will add to hopes that overall third-quarter GDP growth can exceed the 0.6% gain seen in the April to June quarter.
It was the third consecutive rise in month-on-month retail sales, following June's 0.2% increase.
The figures suggest a likely boost from the birth of Prince George and British sporting success, including Andy Murray's Wimbledon victory, Lions rugby, and Ashes cricket.
Department stores saw July sales surge 3.1% on a year earlier, while sales of textiles, clothing and footwear were up 1.4%.
Supermarkets also reported higher sales of garden furniture, although household goods stores were a rare weak spot, with sales falling 2.3% on a year earlier.
Month on month, there were dips in sales volumes across department stores and textile, clothing and footwear retailers, but supermarket sales grew 2.5%.
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 5 Ball pool for adults opens in London
Isis 'throw man off a building for homosexual affair' and beat him to death when he survives
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...