UK retail sales rebound in May on warmer weather

Still below pre-pandemic levels

Sorin-Andrei Dojan
clock • 1 min read

UK retail sales rebounded in May, with sales volumes rising across most sectors following a “dull and wet” April, which dampened consumer spending.

According to the Office for National Statistics, retail sales volumes increased by 2.9% in May, up from 1.8% recorded a month before (revised from 2.3%). Over the year to May, sales rose by 1.3%, however, they remained 0.5% below their pre-COVID levels in February 2020. The largest monthly increase came from non-store sales – comprising mostly online retailers, but also stalls and markets – which rose by 5.9%, mostly on the back of strong clothing and other non-food sales. Textile, clothing and footwear retailers came second, registering a 5.4% increase from the previous month, follow...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Cardano's Ina Rinas: Diverging international recovery paths

Cardano's Ina Rinas: Diverging international recovery paths

Monetary policy 'turning towards easing'

Ina Rinas
clock 02 October 2024 • 4 min read
Federal Reserve has 'growing confidence' of US soft landing but in 'no rush to cut rates'

Federal Reserve has 'growing confidence' of US soft landing but in 'no rush to cut rates'

National Association for Business Economics Annual Meeting

Eve Maddock-Jones
clock 01 October 2024 • 1 min read
Claims that Treasury plans to soften non-dom crackdown are 'speculation not government policy'

Claims that Treasury plans to soften non-dom crackdown are 'speculation not government policy'

Will clarify at the Autumn Budget

Eve Maddock-Jones
clock 27 September 2024 • 1 min read
Trustpilot