Bloomberg
UK retailers reported their slowest sales growth in five months during July as consumers shifted toward spending on entertainment and social gatherings and away from in-store shopping.
The volume of goods sold in shops and online grew 6.4% in July compared to last year, the British Retail Consortium and KPMG said.
A separate survey from Barclaycard showed more money going into theatres and sporting events and a drop in face-to-face retail. The surveys add to evidence that the pace of the
UK’s economic rebound is moderating after a sharp surge
following a loosening of coronavirus restrictions over the past few months.
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