Sumary of June UK retail sales dip again, July looks flat – CBI:
Ben Jones, its Lead Economist, said: Retail volumes are try as high inflation eats away at users’ budgets.
There are also broad signs that a downturn in user spending is start to wave out across the wider distribution sector, with wholesalers seeing a 14-month period of beefy sales growth come to a grinding inaction this month.
The squeeze on household incomes appears to have equilibrium any raise to activity from the extended Platinum Jubilee bank holiday earlier this month.
Retailers said their sales volumes slipped in the year to June for an equilibrium of -5%, from -1% in May.
