UK retail sales fall as food spending moves to restaurants ...Qatar

UK retail sales fell unexpectedly in May as the reopening of restaurants and bars prompted consumers to cut spending at supermarkets. “Following a sharp increase last month coinciding with post-lockdown reopening, retail sales dipped slightly in May,” Darren Morgan, director of economic statistics at the Office for National Statistics, said yesterday. “However, they remain well above both their pre-pandemic levels and those seen in March before shops reopened.” The figures will do little to shift the impression that the UK is bouncing back strongly from its worst slump in three centuries. The recovery is being powered by consumers, who built up huge savings in the absence of opportunities t

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UK retail sales fall as food spending moves to restaurants ...Qatar

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