UK sales bounce back

Posted on 05 Jan 2022
Share Blog Post
UK retail sales and services rebound in JuneNew data from the Office for National Statistics (ONS) show sales volumes rose by 13.9% in June compared with the month before, bringing total sales across the country close to last year's levels. Helen Dickinson, chief of the British Retail Consortium, said: "Though a month of growth is welcome news, retail is not out of the woods yet. The pandemic continues to pose huge challenges to the industry, with ongoing store closures and job losses across the UK.” Separately, the IHS Markit/CIPS UK composite purchasing managers' index jumped to 57.1 in July from 47.7 in June. The manufacturing reading rose to 53.6, up from 50.1, and services rose from 47.1 to 56.6. Chris Williamson, chief business economist at IHS Markit, said: "The surge in activity in July will fuel expectations that the economy will return to growth in the third quarter after having suffered the sharpest contraction in modern history during the second quarter."

View more blog posts

Tax miscalculations
Posted on 01 Jan 2025
Tax miscalculations
read more
Workers braced for higher taxes
Posted on 18 Dec 2024
Workers braced for higher taxes
read more
More tax rises to come
Posted on 04 Dec 2024
More tax rises to come
read more
HMRC get aggressive
Posted on 27 Nov 2024
HMRC get aggressive
read more
Back To Top
01604 660661