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

MNB Sees Broadening Disinflationary Impact Till Year-end MNB

MNB Sees Broadening Disinflationary Impact Till Year-end

Viktor Orbán Meets Marine Le Pen Visits

Viktor Orbán Meets Marine Le Pen

Kész H1 Revenue Climbs 29% Construction

Kész H1 Revenue Climbs 29%

Budapest Muni Council Clears Rác Baths Renovation Tourism

Budapest Muni Council Clears Rác Baths Renovation

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.