UK retailers reported another sharp decrease in sales in July, the latest Distributive Trades Survey results from the Confederation of British Industry showed on Monday.
A net 34 percent of retailers said sales declined in July compared to 46 percent in June. A net 31 percent expects sales to fall again in August.
A balance of 10 percent judged sales for the time of year as poor but better than 37 percent in June.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.