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Royal wedding helps retail spending soar in May

Warm weather and the royal wedding helped see retail sales soar in May according to latest figures from the Office for National Statistics.

Sales beat expectations last month, with year-on-year sales volumes rising by 3.9%, up from 1.4% in April. The ONS figures, which cover the period from 29 April to 26 May, show the value of retail sales rising by 6.3%.

According to the ONS average temperatures in May were up to two degrees higher than the average for 1981 - 2010.

The proportion of online sales as a percentage of the total retail sales in the UK continued to rise, standing at 18% of all UK spend. Online spend on clothing and footwear rose to 17.6%.

The rate of growth in online clothing purchases has, according to the ONS, increased in recent months: “From mid-2017, the proportion of online spending within clothing stores has grown at a much faster rate, from 14.7% in March 2017 to 17.6% in May 2018, showing that consumers are purchasing more of their clothing items online in recent months.”

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