British retail sales record gloomiest June performance on record

British retail sales record gloomiest June performance on record

British retail sales slid further this month, with sales far below the norm expected for this ​time of year, according to a survey on ‌Thursday that added to signs of a slowdown underway in Britain’s economy. The Confederation of British Industry said its monthly retail ​sales balance, a gauge of sales volumes over ​the past year, fell to -54 in June from -46 ⁠in May. For the three-month average to June, the ​balance fell to -56 from -55, the lo…

UK retail sales slump deepens as consumer sentiment worsens

CBI survey shows sales volumes falling below seasonal norms at the sharpest rate since January 2024. Read the full story at Retail Sector.