Rolling live coverage of business, economics and financial markets as retail sales volumes rise by 0.8% in August
As well as the home improvement sales that the ONS highlighted, clothing sales were also a big contributor to retail sales growth. Clothes sales rose by 13.5%, a sign that “discretionary spending continued to recover”, said Andrew Wishart, a UK economist at Capital Economics, a consultancy. Having already exceeded their pre-virus level in July, the further rise in retail sales in August shows the striking rebound of consumer spending after the crisis.
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