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Retail sales values up, but volumes flat

The value of retail sales excluding petrol in May were up 2.4% on the previous year but flat in volume terms.

The value of retail sales excluding petrol in May was up 2.4% on the previous year but flat in volume terms.

According to the ONS, the value of retail sales excluding petrol was down 1.8% in May compared with April, and down 1.6% in volume terms.

Richard Lowe, head of retail & wholesale at Barclays Corporate said:“April’s bounce displaced a lot of spending, particular on food and drink, which would have otherwise made its way into tills in May, had it not been for the Royal wedding, warmer weather and extra bank holiday the previous month. 

“The retail landscape remains anaemic and shops are working extremely hard to encourage consumers to part with their cash– it‘s hard not to notice the number of High Street retailers which have started their summer sales early.”

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