Retail Sales Weaken in July as Demand for Clothing Falls The latest retail sales figures show a decline of 0. 5% in July compared to the previous month, reversing the 0. 7% growth seen in June.
Economists had predicted a 0. 4% fall, but the actual decline was more significant. Promotions and discounts, which boosted sales in June, are likely responsible for the slump in July.
Retailers brought forward their promotional activity into June, driving up sales for that month but leaving July looking bare.