UK Retail Sales Experience Sharpest Monthly Decline Since 2023
May sees 2.7% drop amid weakened demand for food and household goods
Retail sales in the United Kingdom fell by 2.7% in May, marking the steepest monthly decline since 2023.
The downturn is attributed to decreased consumer spending on food and household items, reflecting broader economic pressures.
Analysts suggest that the sustained drop in retail performance may necessitate policy interventions to stimulate demand and support the sector.
The downturn is attributed to decreased consumer spending on food and household items, reflecting broader economic pressures.
Analysts suggest that the sustained drop in retail performance may necessitate policy interventions to stimulate demand and support the sector.
