Article taken from: finance.yahoo.com
British shoppers continued to increase spending last month, taking sales further above pre-COVID levels, as strong online demand helped much of the sector enjoyed a faster rebound than the rest of the economy. British retail sales had already overtaken pre-COVID levels in July and now stand 4.0% higher than before the crisis. However, the rebound masks a sharp split between online and high-street retailers, with online and mail order retailing up 34.4% on the year in August, while many traditional retailers outside the grocery sector have suffered reduced footfall. […] Grocery sales rose just 0.4% in August, after strong growth in previous months when British people had eaten at home more. […] The Bank of England said on Thursday that Britain’s economy was on course to recover faster than it had forecast in August, but, even so, output in the July-September period is expected to be 7% lower than in the final quarter of last year.
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