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Pub/restaurant spending increases in July
Britons are continuing to eat and drink out after a number of pub and restaurant groups saw an increase in spending during July, according to the latest Coffer Peach Business Tracker.
The sales performance of more than 20 major UK operators is charted by the tracker, which reported a 1 per cent growth in like-for-like sales and a 3.1 per cent increase in total sales. Trevor Watson, director at Davis Coffer Lyons - part of the Coffer Group, said: "These latest results are broadly encouraging. The sector continues to grow against a backdrop of weak consumer confidence, particularly away from the South East.
"The rioting will have led to a short term impact on sales, however the continued global financial uncertainty is a more serious threat to consumer confidence in the medium term." The Coffer Group produces the tracker in partnership with KPMG, UBS and the Peach Factory.
Details: www.peach-report.com
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