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U.K. retail sales and consumer confidence bounce in May


Friday, 19 June 2020 16:03 WIB

Penjualan Ritel InggrisEkonomi U.K


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U.K. retail sales volumes partly bounced for May, with a rise of 12%, compared to record falls, but sales were stll 13.1% lower than February, before the impact of the coronavirus (COVID-19) pandemic, the Office for National Statistics said Friday.

Non-food stores provided the largest contribution to growth, up 24.3%, and with a rise of 42% in household goods stores. The proportion spent online reached the highest proportion on record in May 2020 at 33.4%, versus 30.8% reported in April 2020. Separately, data showed U.K. consumer confidence increase to its highest level since March, at minus 36 in late May, according to GfK, Reuters reported.

Source: Marketwatch


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