As reported by the British Retail Consortium (BRC), in the April-June period inclusive, retail sales were 28.4 percent. higher than in the same period last year.
This is the highest increase ever recorded.
Compared to the second quarter of 2019, retail sales rose 10.4%, the highest quarterly increase since 2019. Particularly good data was recorded in June, when sales were up 13.1%. higher than in June 2019
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The gradual liberalization of the British economy helped release the backlog of demand that had accumulated due to previous lockdowns. Although the pace of growth in food sales began to slow in June, non-food sales were boosted by increased consumer confidence and continued consumer demand, British Retail Council Chair Helen Dickinson said.
The good results were also affected by the fact that many people decided to spend their holidays in the country. Thanks to the cheaper option, customers had more money in their wallets to spend in stores.
The European Football Championship was also significant, as it led to the sale of televisions, snacks and beer.
Stores other than those selling basic necessities opened as part of the second phase of recovery from the shutdown in early April. In early May, the Bank of England raised its forecast for economic growth for this year in Great Britain to 7.25%, which would be the best result since 1949.