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Deloitte comments on latest ONS retail sales data

24 July 2014

Commenting on today’s ONS retail sales figures, Ian Geddes, UK head of retail at Deloitte, said:

“Today’s strong year-on-year sales figures reflect the trend of rising consumer confidence, as indicated in the Deloitte Consumer Tracker which showed confidence is continuing to gather pace across the country and make its way towards positive territory.

“The Deloitte Consumer Tracker also showed consumers are more positive about their future employment situation but remain less optimistic about wage increases. With inflation likely to ease but no rise in consumers’ real earnings there is an environment of steady growth, but not boom."

End

Notes to editors

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.

 

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