Overview

• Retail sales volumes rose by 1% in August, surpassing the 0.4% forecast by economists.
• Supermarkets and fashion retailers saw significant increases in sales due to warmer weather and summer discounts.
• Consumer confidence fell sharply in September, driven by concerns over the economic outlook and potential tax increases.
• Sales of small discretionary items and premium food categories also saw a boost, while big-ticket items like furniture lagged.
• Despite the monthly rise, overall retail sales volumes remain 0.4% below pre-pandemic levels seen in February 2020.