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.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.