"Compared with May 2015, the quantity bought in the retail industry was estimated to have decreased by 0.2%. Falls were reported by predominantly food stores, other stores, household goods stores and petrol stations."
Are we seeing a hold back in spending by domestic consumers? On the back of falling industrial production, and construction data, is there a lack of confidence?
Are Summer months not the month of the tourists? See Table Extracted from https://www.visitbritain.org/latest-monthly-data . Spending by tourists seem to fall. One explanatory reason could be that North Americans (who are good spenders) did not come to UK in large numbers see April 2015 data as a potential indicator.
| North America(Vists in 000s) | 250 | -15% ↓ |
Inbound visitor statistics for April 2015
Visits and spend figures
| Spend & Visits | April 2015 | Year to date (Jan-Apr 15) |
Rolling 12 months
(May14-Apr 15)
| |||
|---|---|---|---|---|---|---|
| % change vs Apr 14 | % change vs Jan-Apr 14 |
% change vs May13-Apr 14
| ||||
| All visits (000) | 3,140 | 6% ↑ | 10,010 | 3% ↑ | 34,630 | 4% ↑ |
| Spend (£m) | £1,540 | 1% ↑ | £5,080 | -7% ↓ | 21,490 | 0% |
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