Deloitte comments on ONS retail sales figures
Commenting on today’s ONS retail sales figures, Oliver Vernon-Harcourt, head of retail at Deloitte UK, said:
“The combination of two bank holidays and a heatwave led to sales growth in May across most retail categories following a fall in April. Despite geopolitical unpredictability, one of the warmest Mays on record encouraged consumers to come out and spend on new outdoor items and clothing for their summer wardrobes.
“These results will be a relief to retailers and with consumer confidence unchanged in June after being better than expected in May, brighter times may lie ahead. With some resilience in households’ personal finances, the end of geopolitical tensions and World Cup fever kicking in, we could see spending continuing to improve. Consumers may start enjoying more seasonal splurges including in the more discretionary categories.”
ENDS
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