{"id":21315,"date":"2025-07-25T14:31:17","date_gmt":"2025-07-25T14:31:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/21315\/"},"modified":"2025-07-25T14:31:17","modified_gmt":"2025-07-25T14:31:17","slug":"good-economic-news-as-sunny-weather-boosted-retail-sales-money-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/21315\/","title":{"rendered":"Good economic news as sunny weather boosted retail sales | Money News"},"content":{"rendered":"<p>Retail sales grew in June as warm weather boosted spending and day trips, official figures show. <\/p>\n<p>Spending on goods such as food, clothes and household items rose 0.9%, the Office for National Statistics (ONS) said.<\/p>\n<p>It&#8217;s a bounce back from the 2.8% <a href=\"https:\/\/news.sky.com\/story\/inflation-and-customer-cutbacks-blamed-for-big-dive-in-retail-sales-13386034\" target=\"_blank\" rel=\"nofollow noopener\">dip in May<\/a>, but last month&#8217;s figure was below economists&#8217; forecast 1.2% uplift as consumers dealt with higher prices from increased inflation.<\/p>\n<p><a href=\"https:\/\/news.sky.com\/story\/money-latest-consumer-personal-finance-blog-sky-news-13040934\" target=\"_blank\" rel=\"nofollow noopener\">Money blog: The odd rules that could land you with a big fine on holiday<\/a><\/p>\n<p>Also weighing on spending was reduced consumer confidence amid <a href=\"https:\/\/news.sky.com\/story\/rachel-reeves-hints-at-tax-rises-in-autumn-budget-after-welfare-bill-u-turn-13392652\" target=\"_blank\" rel=\"nofollow noopener\">talk of higher taxes<\/a>, according to a closely watched indicator from market research firm GfK.<\/p>\n<p>Retail sales figures are significant as they measure household consumption, the largest expenditure in the UK economy.<\/p>\n<p>Growing retail sales can mean economic growth, which the government has repeatedly said is its top priority.<\/p>\n<p class=\"sdc-site-video__accessibility-message\" data-role=\"accessibility-message\">Please use Chrome browser for a more accessible video player<\/p>\n<p>                <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/skynews-money-inflation-economy_6966259.jpg\" alt=\"Inflation jumps by more than expected.&#13;&#10;\"  aria-hidden=\"true\" class=\"sdc-site-video__poster-img excluded-image\"\/><\/p>\n<p>                0:56<\/p>\n<p>              What does &#8216;inflation is rising&#8217; mean? <\/p>\n<p>Where have people been shopping?<\/p>\n<p>June&#8217;s retail sales rise came as people bought more in supermarkets, and retailers said drinks sales were up.<\/p>\n<p>While hot and sunny weather boosted some brick-and-mortar shops, the heat led some to head online.<\/p>\n<p>Read more from Money:<br \/><a href=\"https:\/\/news.sky.com\/story\/satellite-tracker-spaceflux-reaches-lift-off-with-5m-funding-boost-13401077\" target=\"_blank\" rel=\"nofollow noopener\">Satellite tracker Spaceflux reaches lift-off with \u00a35m funding boost<\/a><br \/><a href=\"https:\/\/news.sky.com\/story\/trade-war-uncertainty-prompts-halt-to-eurozone-rate-cuts-13401157\" target=\"_blank\" rel=\"nofollow noopener\">Trade war uncertainty prompts halt to eurozone rate cuts<\/a><\/p>\n<p>Non-store retailers, which include mainly online shops, but also market stalls, had sold the most in more than three years.<\/p>\n<p>Not since February 2022 had sales been so high as the Met Office said England had its warmest ever June, and the second warmest for the UK as a whole.<\/p>\n<p>The June increases suggest that the May drop was a bump in the road. When looked at as a whole, the first six months of the year saw retail sales up 1.7%.<\/p>\n<p>Filling up the car for day trips to take advantage of the sun played an important role in the retail sales growth.<\/p>\n<p>When fuel is excluded, the rise was smaller, just 0.6%.<\/p>\n<p>Welcome news<\/p>\n<p>Despite lower consumer sentiment and more expensive goods, consumers are benefitting from <a href=\"https:\/\/news.sky.com\/story\/weaker-jobs-market-makes-interest-rate-cut-more-likely-13397766\" target=\"_blank\" rel=\"nofollow noopener\">rising wages<\/a> and are cutting back on savings.<\/p>\n<p>     <a href=\"https:\/\/news.sky.com\/download-app\" target=\"blank\" data-tracking-label=\"ui-app-promo-download-link\" class=\"ui-app-promo sdc-article-widget\" data-type=\"\" data-component-name=\"ui-app-promo\" rel=\"nofollow noopener\"><\/p>\n<p>    <\/a><\/p>\n<p>The ONS lifestyle survey &#8211; backed up by hard data like the Bank of England&#8217;s money and credit figures &#8211; shows that households have rebuilt their rainy day savings and are cutting back on the amount of money they squirrel away each month.<\/p>\n","protected":false},"excerpt":{"rendered":"Retail sales grew in June as warm weather boosted spending and day trips, official figures show. Spending on&hellip;\n","protected":false},"author":2,"featured_media":21316,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-21315","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/21315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=21315"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/21315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/21316"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=21315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=21315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=21315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}