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Retail sales hold own in aftermath of Brexit vote

By Josie Clarke

Published 16/09/2016

Shoppers largely shrugged off the Brexit vote as retail sales suffered only a slight dip in August after a bumper July, figures from the Office for National Statistics (ONS) have suggested.
Shoppers largely shrugged off the Brexit vote as retail sales suffered only a slight dip in August after a bumper July, figures from the Office for National Statistics (ONS) have suggested.

Shoppers largely shrugged off the Brexit vote as retail sales suffered only a slight dip in August after a bumper July, figures from the Office for National Statistics (ONS) have suggested.

Retail sales volumes dipped 0.2% on July, which had seen a jump of 1.9% in the strongest performance in 14 years.

ONS head of retail sales Mel Richard said: "Despite a small fall after July's sharp increase, the underlying pattern in the retail sector remains one of solid growth.

"There was some variation between different sectors, but overall the figures do not suggest any major fall in post-referendum consumer confidence."

Sales volumes in August were up 6.2% on the same time 12 months ago.

The amount spent in the retail industry increased by 4.1% compared with August last year and decreased by 0.5% compared with last month.

Belfast Telegraph

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