Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
British retail sales fell last month as the grocery sector was hit by people returning to restaurants and pubs after virus curbs were lifted, data showed Friday/COURTESY


UK retail sales drop as more consumers eat out: data

LondonUnited Kingdom, Sept 17 – British retail sales fell last month as the grocery sector was hit by people returning to restaurants and pubs after virus curbs were lifted, data showed Friday.

Sales by volume slid 0.9 percent in August from the prior month, the Office for National Statistics (ONS) said in a statement, after a 2.8-percent drop in July.

Food store sales suffered from the recovering hospitality industry, which was shuttered by lockdowns during much of the pandemic but reopened earlier this year.

“Sales fell again in August, though not nearly by as much as July and, overall, remained above their pre-pandemic level,” said ONS statistician Jonathan Athow.

“Other data suggest that the drop in food stores’ sales is linked to an increase in eating out following the lifting of coronavirus restrictions.”

Motor fuel sales rose on the month as people ventured out more after the economy fully reopened in July.

Overall retail sales are 4.6 percent higher than before the start of the deadly coronavirus outbreak.

However, Britain’s economic recovery is flattening as a result of the stubborn pandemic, supply chain bottlenecks and the elevated cost of commodities.

The economy grew at just 0.1 percent in July compared with 1.0 percent in June.

Advertisement. Scroll to continue reading.

Annual inflation meanwhile spiked in August to a nine-year peak of 3.2 percent, data showed this week.

“The decline in retail sales volumes in August suggests that the stalling in the economic recovery in July continued into August,” noted economist Paul Dales at research consultancy Capital Economics.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...