Retail industry, UK cost of living crisis, Business, Office for National Statistics, UK news, Supermarkets Business | The Guardian
Drop of 1.2% in June comes as households rein in spending during cost of living crisisBusiness live – latest updatesRetail sales in Great Britain slumped in June by more than forecast as cautious households reined in their spending amid poor weather, election uncertainty and the cost of living crisis.Figures from the Office for National Statistics (ONS) show retail sales volumes were estimated to have fallen by 1.2% in June, after a rise of 2.9% a month earlier. City economists had predicted a shallower 0.4% decline. Continue reading…
Drop of 1.2% in June comes as households rein in spending during cost of living crisis
Business live – latest updates
Retail sales in Great Britain slumped in June by more than forecast as cautious households reined in their spending amid poor weather, election uncertainty and the cost of living crisis.
Figures from the Office for National Statistics (ONS) show retail sales volumes were estimated to have fallen by 1.2% in June, after a rise of 2.9% a month earlier. City economists had predicted a shallower 0.4% decline.
