UK retail sales in June 2019 grew unexpectedly and much of this growth has been attributed to sales of antiques and second-hand goods.
Retail sales in May 2019 were disappointing and some analysts had predicted that this downturn would continue during the summer. The Office of National Statistics (ONS) has surprised many by reporting that retail sales grew by 3.8% in June 2019. There is financial uncertainty about the effect of Britain leaving the European Union, but this has not prevented people from shopping.
An analyst from broker XTB, David Cheetham said:
“The resilience of the consumer in the face of ongoing political uncertainty is both surprising and admirable, suggesting that despite heightened levels of uncertainty people are keeping calm and carrying on.”
Some retail sectors including department stores have declined. The ONS links the upturn in retail sales to the demand for second-hand goods from charity shops and the sale of antiques both in shops and at auction. Though antique furniture may be more expensive than flat-pack modern furniture, buyers see them as an investment because antiques will last for generations and can be passed down to family members.
There are many fine antiques available at Lancashire dealers including antique desks, sofas, dining tables and chairs. A deal or no-deal Brexit will not prevent antique lovers from investing in quality, well-made antique furniture that will continue to give them pleasure no matter what future political upheavals Britain will go through.
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