UK footfall rises 4.2 per cent month-on-month
The Experian UK FootFall National Index saw a 4.2% rise month-on-month, an increase which although anticipated due to the annual school summer breaks and summer sales, was less than the month-on-month increase last year. The index for July decreased by 0.6% compared with the same period last year.
This year-on year-reduction may well be attributed to the fact that consumer confidence is being adversely affected by worries over the economy, job security and the effect which the austerity measures may have. July also saw the lowest amount of sunshine since 1998.
The Retail Park Index followed the same trend as the UK Footfall National Index in that it showed a month-on-month increase and a year-on-year decrease. However, the decrease of 2.7% from last year is a much more pronounced reduction.
The indication is that consumers are exercising caution during a period of uncertainty, but the increase in footfall during the last week of July will give retailers cause for optimism that consumer confidence is slowly rising, and will hopefully continue into August.
Table of Regional Data
Area Year on Year Comparison
Regional Index East Midlands -1.60%
Regional Index Eastern -3.70%
Regional Index London -0.50%
Regional Index North West -2.40%
Regional Index North East -2.70%
Regional Index Scotland -1.30%
Regional Index South East -0.40%
Regional Index South West and Wales 6.90%
Regional Index West Midlands -1.30%
Regional Index Yorkshire-Humber -1.10%
UK National Index -0.60%
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