UK retail sales growth slows to lowest level this year
Retail sales growth slowed to its lowest rate this year last week according to new data, although it was still ahead on a year-on-year basis.
Total like-for-like sales increased by 2.1% in the week ending 21 August, compared to the same week last year, according to the BDO High Street Sales Tracker.
Fashion sales were up 2.6%, the slowest increase recorded since the first week of June this year.
“Amidst recent reports of falling wages and consumer confidence, total in-store like-for-likes saw moderate growth compared to past weeks, while total non-store like-for-likes recorded another negative week,” BDO said.
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