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August 21, 2020UK RETAIL SALES, JULY 2020 The UK Office for National Statistics reports that UK retail sales increased in July 2020. This is the third consecutive monthly increase when compared with the record falls experienced in March and April. After three months of increases, the value and volume of retail sales now exceed pre-COVID levels. In July, retail sales volumes were 2.9 per cent above February 2020 levels. Retail sales values were 1.8 per cent higher than in February 2020.
- Month-over-month retail sales value increased 4.4 per cent while the retail sales volume (adjusted for price changes) increased 3.6 per cent over June 2020.
- Year-over-year retail sales value increased 0.7 per cent and retail sales volume increased 1.4 per cent over July 2019.
Internet sales
- Online retail sales fell by 7.0 per cent in July when compared with June. Online sales have increased 50.4 per cent since February 2020.
- Online sales share of all retail sales increased from 20.0 per cent in February 2020 to 28.9 per cent in July 2020.
Source: UK Office for National Statistics: Statistical Bulletin, Retail Sales Data, COVID-19 and the production of statistics
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