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UK's retail growth still weak, but positive sales results in June

UK's retail growth still weak, but positive sales results in June
Monday July 25 2011

The British Chambers of Commerce (BCC) noted that following disappointing retail sales figures in April and May they improved in June.

However, the BCC added that the value of sales only rose by 0.3 per cent last month.

David Kern, chief economist at the BCC, said: "The figures suggest that fears of a decline in GDP (gross domestic product) in the second quarter are too pessimistic, they also point to weak overall growth in the economy."

He noted that although June retail sales were up by 0.7 per cent and have grown 0.4 per cent this year there are many challenges that face the sector in the coming months.

Recently, director general of the British Retail Consortium Stephen Robertson noted that many companies face tough trading times this year.

He added that although the Office for National Statistics figures revealed better sales growth in June, it still is not great.

Tagged as: retail | ecommerce |

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