UK Retail Sales Unexpectedly Grew In 7-9 Months, But Clothing Fell Sharply.
According to the British Retail Industry
association
(British Retail Consortium, BRC) data show that retail sales in September increased by 0.3% over the same period last year, and sales in 7-9 months also increased by 0.1%.
Total sales volume (including merchant expansion store) increased by 2.5% and 2.2% respectively in September and 7-9, while the total sales data improved, but the president of the association, Stephen Robertson, is still not optimistic about the prospects.
Robertson said that under the current downturn, retail sales were small.
Improve
It is positive news, but consumer spending growth is lower than inflation rate, indicating that consumer spending is less than the same period last year, so there is no guarantee that the growth of next month's data will be positive.
The rise in food prices is the main reason for the rise in food retail sales. In 7-9, food sales rose 2.1%, and total food sales rose by 5.1%.
This is due to the increase in food and beverage sales at the end of September. However, clothing sales have been greatly reduced due to the fact that the weather is too warm.
Due to the temporary effects of the weather
retail
Although business performance has increased, consumer behavior has not changed substantially.
According to the Nielsen report of the consumer market company, consumers are turning to goods that are cheap but Wuming because of the economic downturn. Of the 51 consumers surveyed, 36% said they would buy large packaged economies.
commodity
With the rising prices of commodities and raw materials, the trend will continue for a long time.
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