BRC UK Retail Sales data for July is a very mixed result ...Middle East

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BRC UK Retail Sales data for July is a very mixed result
British Retail Consortium data for July 2024 is mixed:Total retail sales +0.5% y/y -0.2% in Juneaverage rise of 1.4% over the past 12 monthsLike-for-Like sales -0.3% y/yJune was -0.6%Like-for-like sales data strips out the impact of changes in store size.Data also from Barclays, spending on credit and debit cards -0.3% y/yprior -0.6%Barclays cite:Euro 2024 tournament boosted spending in pubs and people stocked up for barbecues on July's sunny dayscounteracted by less spending due to rainy weather during the monthbigger picture was one of a recovery in spending power and consumer confidence. "This, coupled with the fact that the Bank of England has begun to reduce interest rates, should trans

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