Retail sales volumes beat expectations in August, with strong performances from food and clothing providing a nice summer boost for retailers. End of season sales and better weather both played their part, leading to stronger footfall in stores.
If consumers are feeling cautious ahead of the Autumn Budget they are certainly not showing it. In fact, the UK consumer appears in relatively fine fettle, with little sign that they are significantly cutting back.
With wages rising and mortgage costs going the other way, there is a feeling of cautious optimism that has been sadly lacking in recent years.
Add it all up and it suggests retailers can look forward to the rest of the year with a degree of confidence.
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