UK retail sales declined more than expected in August as the cost of living crisis weighed on consumer spending, official data showed Friday.
The retail sales volume declined 1.6 percent month-on-month, in contrast to July's revised 0.4 percent increase, the Office for National Statistics reported. Economists had forecast a moderate 0.5 percent decline.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.