The figures were recorded before the launch of the government’s “Eat out to help out” scheme began in August.Despite signs of a recovery taking hold, many shops continued to struggle, with many people still reluctant to go out and office workers continuing to work from home.Over the three months to July, in-store sales of non-food items declined 29%, with clothing sales suffering most.Paul Martin, UK head of retail at KPMG, said September would prove the real test for consumer spending and the strength of Britain’s economic recovery, in a month when spending typically rises after the end of the holiday season and when adults spend money on their children returning to school.“With the furlough scheme unwinding and wider economic uncertainty set for the autumn, consumer anxiety will likely rise along with it. British consumers spent the most last month since the country went into a coronavirus lockdown in March, as pubs, restaurants, barbers and beauty salons reopened, according to industry figures published on Tuesday.Data from Barclaycard and the British Retail Consortium showed spending was close to getting back to normal levels though not all sectors were benefiting.Barclaycard said consumer spending was 2.6% lower than in July 2019, the smallest shortfall since the lockdown began.“However, a sense of cautiousness still prevails,” Barclaycard director Esme Harwood said.Official figures due on Wednesday are expected to show Britain suffered the biggest economic hit from COVID-19 of any major economy between April and June with output expected to be down by about 20%.While unemployment has barely risen so far, due largely to a government job protection scheme, the Bank of England expects the jobless rate to almost double to 7.5% by the end of 2020.Reopening businesses, as well as warm weather, boosted consumer spending in July. It said it expects spending to rise by 1.6% over last year, although that would be faster than an estimated 1.3% growth in the broader UK economy in 2019. UK consumer spending shrank by more than a third in April as shops shut to limit the spread of Covid-19. © 2020 Guardian News & Media Limited or its affiliated companies. This eight-part series looks at what consumer, market and industry insights will have the biggest impact.
All rights reserved. Our latest report looks at UK Consumer spending patterns to the period 23 May to 26 June 2020.
Explore our report on the top consumer trends in 2020. The figures paint a broader picture of household spending than the BRC data because they take account of any spending on cards – including in restaurants, pubs and bars, as well as in shops and online.The figures come before official data on Wednesday that is The release of pent up-demand in July fuelled a rise in food and drink spending in particular, according to both surveys, while spending in sports and outdoor stores rose sharply as the warm weather encouraged more people to spend time outside.Hairdressers, nail bars and beauty salons starting to reopen their doors after four months of enforced closure lifted spending, while furniture stores and electronics retailers reported their strongest figures this year.There were also positive signs for restaurants, pubs and bars, with overall declines of 64.2% and 43% respectively in July as more venues reopened – an improvement from declines of 86% and 93% in June, according to Barclaycard. This will place more scrutiny on disposable income and make life even tougher for retailers,” he said.Following the non-essential retail lockdown and continued weak levels of demand at some stores, growing numbers of retailers are announcing job cuts and shop closures across the country – including at major high street brands such as Helen Dickinson, chief executive of the BRC, said: “While the rise in retail sales is a step in the right direction, the industry is still trying to catch up lost ground, with most shops having suffered months of closures.“The fragile economic situation continues to bear down on consumer confidence, with some retailers hanging by only a thread in the face of rising costs and lower sales.” Sunny weather and the reopening of non-essential shops across most of the UK has fuelled an increase in consumer spending close to pre-pandemic levels, according to retail industry figures. But sales at pubs and restaurants, which reopened for on-premises consumption on … But sales at pubs and restaurants, which reopened for on-premises consumption on July 4, remained well below year-ago levels.By contrast, sales of takeaways and fast food were 20% higher than last year as people preferred to eat at home - something finance minister Rishi Sunak is trying to change with government subsidies for dining in restaurants in August.Spending on groceries, furniture and electronics was also up strongly, while travel spending remained week.Figures from the British Retail Consortium - which only cover shopping - painted a similar picture for July.Total retail spending across the BRC’s members - mostly large chains - was 3.2% higher than a year earlier, close to June’s 3.4% rise, the biggest increase since May 2018.“The strongest performance came from food, furniture and homeware, as consumers increasingly invest in their time at home.
In a sign of shoppers returning to the high street and ramping up spending online, separate figures from Barclaycard – Britain’s biggest credit card provider – also revealed a bounce-back in overall consumer spending.According to the snapshot compiled from credit and debit card transactions, overall spending fell by just 2.6% in July compared with the same month in 2019 – the best performance since lockdown began. Published: 9 Aug 2020 . Reopening businesses, as well as warm weather, boosted consumer spending in July. Highlights this month: Overall consumer spending contracted by 14.5% year-on-year in June, but a retail uplift as shops reopened means this was the smallest fall recorded since lockdown began.
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