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UK retail sales rise in July, driven by warm weather and higher food prices | investingLive

UK consumer spending picked up in July, helped by hot weather early in the month (the UK Met Office said July was the UK’s fifth-warmest on record.) that boosted clothing sales, though momentum faded later as temperatures cooled.

The British Retail Consortium reported total sales up 2.5% year-on-year, slowing from June’s 3.1% gain

  • like-for-like sales rose 1.8%
  • Barclays data showed overall spending up 1.4%, rebounding from a 0.1% fall in June.
  • food sales rose 3.9% on the year, reflecting both strong early-month demand and higher prices
  • clothing sales jumped 4.2% — their fastest pace since September 2024.

Economists are watching to see if households will draw on savings to sustain spending as job losses mount and wage growth slows.

GBP is little changed circa 1.3434