Retail sales figures increase in July: ONS

UK retail sales displayed year-on-year growth of 2.6% in July, according to the Office of National Statistics (ONS).

The latest figures dispute the British Retail Consortium’s report, which claimed that overall sales were down 0.3% in the same month.

The ONS said the amount spent in the retail industry increased by 1.7% in July, compared with July 2013, and fell 0.1% on the preceding month.

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Non-seasonally adjusted data show that the average weekly spend in the retail industry in July 2014 was £7bn, unchanged from June 2014 and up from £6.9bn in July 2013.

The amount spent online increased by 11.2% in July 2014 compared with July 2013, but decreased by 1.9% compared with June 2014, the ONS said.

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