Latest News

Dow Jones Newswires: U.K. retail sales fall in May as cost of living climbs


U.K. retail sales declined in May due to lower food sales, in a further sign that consumers have pared back on spending amid an intensifying squeeze on household finances.

Retail sales volumes decreased 0.5% in May compared to April, the third fall in four months, data from the Office for National Statistics showed Friday. Economists polled by The Wall Street Journal had forecast retail sales would fall by 0.7%.

In April, retail sales rose by a revised 0.4%, less than the previously reported 1.4% increase.

The fall in sales volumes was due to food stores, where sales fell by 1.6% on month. Reduced spending in food stores seemed to be linked to the impact of rising food prices and the cost of living, the ONS said.

Write to Xavier Fontdegloria at

Dow Jones Gains; Tesla Falls After Elon Musk Reveals These Fears; This Stock Up As Warren Buffett Raises Stake

Previous article

‘The whole market is in danger of collapsing’: Germany warns of a ‘Lehman moment’ if Russia cuts off natural gas to Europe

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News