UK retail sales edge up in July

UK retail sales edged up by 0.1% in July, after falling the previous month, official data showed today.

Year-on-year estimates of the quantity bought in the retail industry grew for the 28th consecutive month, increasing by 4.2% compared with July 2014, according to the Office of National Statistics.

This was the longest period of sustained year-on-year growth since May 2008, when there were 31 periods of growth.

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Average store prices fell by 3% in July 2015 compared with July 2014; the 13th consecutive month of year-on-year price falls. All store types except textiles, clothing and footwear stores reported decreases.

The amount spent in the retail industry increased by 1% in July 2015 compared with July 2014 but decreased by 0.2% compared with June 2015.

The average weekly spend in the retail industry was £7.1 billion; non-seasonally adjusted data show this is unchanged from the previous month and the July 2014 figure.

The value of online sales increased by 13% in July compared with the previous month, however, there was no growth in July 2015 compared with June 2015. They accounted for 12.6% of all retail sales.

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