UK retail sales declined in April due to the change in the timing of Easter and weaker consumer confidence, data from the British Retail Consortium showed Tuesday.Total retail sales decreased 3.0 percent year-on-year in April, in contrast to the 7.0 percent increase in last April. Food sales dropped 2.5 percent and non-food sales were down 3.3 percent in April.However, taking March and April toget...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.