UK retail sales dropped at a slower pace in June as food sales rebounded amid Jubilee celebrations but consumers spent less on clothing and household goods in response to high inflation, official data revealed Friday.
Retail sales volume fell only by 0.1 percent month-on-month in June, following a revised 0.8 percent decrease in May, the Office for National Statistics reported. This was also slower than the expected 0.3 percent fall.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.