{"id":292478,"date":"2025-07-26T05:22:16","date_gmt":"2025-07-26T05:22:16","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/292478\/"},"modified":"2025-07-26T05:22:16","modified_gmt":"2025-07-26T05:22:16","slug":"good-economic-news-as-sunny-weather-boosted-retail-sales-money-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/292478\/","title":{"rendered":"Good economic news as sunny weather boosted retail sales | Money News"},"content":{"rendered":"

Retail sales grew in June as warm weather boosted spending and day trips, official figures show. <\/p>\n

Spending on goods such as food, clothes and household items rose 0.9%, the Office for National Statistics (ONS) said.<\/p>\n

It’s a bounce back from the 2.8% dip in May<\/strong><\/a>, but last month’s figure was below economists’ forecast 1.2% uplift as consumers dealt with higher prices from increased inflation.<\/p>\n

Money blog: The odd rules that could land you with a big fine on holiday<\/strong><\/a><\/p>\n

Also weighing on spending was reduced consumer confidence amid talk of higher taxes<\/strong><\/a>, according to a closely watched indicator from market research firm GfK.<\/p>\n

Retail sales figures are significant as they measure household consumption, the largest expenditure in the UK economy.<\/p>\n

Growing retail sales can mean economic growth, which the government has repeatedly said is its top priority.<\/p>\n

Please use Chrome browser for a more accessible video player<\/p>\n

\"Inflation<\/p>\n

0:56<\/p>\n

What does ‘inflation is rising’ mean? <\/p>\n

Where have people been shopping?<\/strong><\/p>\n

June’s retail sales rise came as people bought more in supermarkets, and retailers said drinks sales were up.<\/p>\n

While hot and sunny weather boosted some brick-and-mortar shops, the heat led some to head online.<\/p>\n

Read more from Money:
Satellite tracker Spaceflux reaches lift-off with \u00a35m funding boost<\/a>
Trade war uncertainty prompts halt to eurozone rate cuts<\/a><\/strong><\/p>\n

Non-store retailers, which include mainly online shops, but also market stalls, had sold the most in more than three years.<\/p>\n

Not since February 2022 had sales been so high as the Met Office said England had its warmest ever June, and the second warmest for the UK as a whole.<\/p>\n

The June increases suggest that the May drop was a bump in the road. When looked at as a whole, the first six months of the year saw retail sales up 1.7%.<\/p>\n

Filling up the car for day trips to take advantage of the sun played an important role in the retail sales growth.<\/p>\n

When fuel is excluded, the rise was smaller, just 0.6%.<\/p>\n

Welcome news<\/strong><\/p>\n

Despite lower consumer sentiment and more expensive goods, consumers are benefitting from rising wages<\/strong><\/a> and are cutting back on savings.<\/p>\n

<\/p>\n

<\/a><\/p>\n

The ONS lifestyle survey – backed up by hard data like the Bank of England’s money and credit figures – shows that households have rebuilt their rainy day savings and are cutting back on the amount of money they squirrel away each month.<\/p>\n","protected":false},"excerpt":{"rendered":"Retail sales grew in June as warm weather boosted spending and day trips, official figures show. Spending on…\n","protected":false},"author":2,"featured_media":292479,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-292478","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114917863844399235","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/292478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=292478"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/292478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/292479"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=292478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=292478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=292478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}