UK Retail Sales Record Biggest Monthly Drop Since 2023
- UK retail sales fell by 2.7% in May, according to the Office for National Statistics.
- This decline follows a revised increase of 1.3% in April, indicating a significant shift in consumer behavior.
- Hannah Finselbach, an ONS senior statistician, stated that food retailers faced a dismal month, leading to reduced purchases.
- Despite the May decline, retail sales rose by 0.8% over the past three months compared to previous months.
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Americans Reduced Their Spending on Restaurants Last Month
In May 2025, spending at U.S. restaurants and bars fell by 0.9%, marking the largest decline since February 2023, when a similar decrease was observed, according to Bloomberg. This drop reflected a wider pullback in retail spending as consumers tightened their budgets across various discretionary categories.In May 2025, spending at U.S. restaurants and bars declined […] The post Americans Reduced Their Spending on Restaurants Last Month appeared…
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Total News Sources23
Leaning Left5Leaning Right1Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 42%
C 50%
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