Britain's retail sales drop 3.9% in June

Food

Britain's retail sales fell 3.9% in June after registering an unexpected rise of 3.6% in May, official figures showed.

The reversal in June is the steepest monthly decrease since the retail sales data series began in 1986, according to the Office for National Statistics (ONS).

Analysts had expected a decline, with consumer spending squeezed by rising fuel bills and food costs.

The fall cut the annual growth rate in retail sales to 2.2%, according to the ONS.

In June, sales by both predominantly food stores and non-food stores witnessed their sharpest falls since records began, with the former dropping by 3.6% and the latter 4.5%. (Xinhua)

ADVERTISEMENT

Number of Liquidations Increasing Rapidly Figures

Number of Liquidations Increasing Rapidly

Varga Meets With Chinese Business Leaders Int’l Relations

Varga Meets With Chinese Business Leaders

AutoWallis May Increase Planned Sales Due to Strong Performa... Automotive

AutoWallis May Increase Planned Sales Due to Strong Performa...

Nearly 60% of Rural Guests Night in Spa Towns Tourism

Nearly 60% of Rural Guests Night in Spa Towns

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.