UK June retail sales -1.2% vs -0.4% m/m expected ...Middle East

Prior +2.9%Retail sales -0.2% vs +0.2% y/y expectedPrior +1.3%; revised to +1.7%Retail sales (ex autos, fuel) -1.5% vs -0.5% m/m expectedPrior +2.9%Retail sales (ex autos, fuel) -0.8% vs +0.2% y/y expectedPrior +1.2%; revised to +1.6%That's a disappointing reading and once again reaffirms that household spending continues to suffer amid higher prices in the UK. The details show that food store sales were down 1.1% on the month, with department store sales down 3.4%, and other non-food store sales down 1.9%. Besides that, there were also drops for textile clothing & footwear (-1.6%), household goods (-2.1%), and non-store retailing (-1.1%). This article was written by Justin

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Last updated : 19 July 2024 clock 09:04 AM

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UK June retail sales -1.2% vs -0.4% m/m expected ...Middle East

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