UK retail sales volume declined the most since the financial crisis a decade ago with poor weather signaling weak economic growth in the second quarter, the latest survey from the Confederation of British Industry showed Tuesday. A balance of 42 percent reported a decline in retail sales volume in June from last year, compared to the expected level of -3 percent.
Grocers were the largest contributors to the fall in sales volumes, while the only sub-sector to see rising sales this month was internet and mail order retailers, the Distributive Trades survey revealed.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.