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Retail Sales in UK Show Contrasting Picture

Thursday, August 17, 2017

Retail Sales in the UK are showing a rather contrasting picture as growth slows and becomes focused upon food. Buoyant sales in food have helped sales rise by 0.3%, offsetting falls across the board in other sectors as consumers feel the squeeze on their wallets. The slowdown in growth adds to a murky picture of the UK economy, as the country struggles to find strong underlying statistics after the Brexit vote. It feels like the UK economy is bumping along, trying to discover what will happen in negotiations with the European Union, as business puts major decisions on hold and consumers bunker down to prepare for any inflationary pressure in the coming years.

Full story here.

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