Blog: May retail sales offer short-term respite
Leonie Barrie | 11 June 2012
Warmer weather at the end of May boosted sales of clothing and footwear at UK retailers during the month, according to new figures released last week. But commentators also warn the spending spree is only likely to offer short-term relief and will not overcome underlying difficulties such as declining consumer confidence and squeezed incomes.
The data from the British Retail Consortium (BRC) showed UK retail sales values were up 1.3% on a like-for-like basis from May 2011. While women's wear had its best growth this year, wet weather in the previous month is likely to have created pent-up demand and is unlikely to mark a resurgence in consumer spending.
Separate research also showed price cutting on clothing and footwear in May contributed to deflation in non-food goods for the fourth month in a row.
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