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Deloitte comments on ONS retail sales for May

23 June 2023

Commenting on today’s ONS retail sales figures, Kelly Miely, retail partner at Deloitte, said:  

“A trio of Bank Holidays, combined with the arrival of warm weather, encouraged consumers to spend on summer clothing and outdoor goods. This led to an unexpected lift in retail sales volumes in May.

“Despite the sunshine and official data showing some strong annual pay increases, the situation remains difficult for both retailers and consumers. Consumers in particular are alive to persistent inflation driving stubbornly high food prices.

“A price sensitive consumer is likely to stay with retailers that offer good value product ranges and cut prices of core items.”