British retail sales hit 1983 lows

Retail sales in Britain declined sharply in June 2026, more than expected, reaching their lowest level since data recording began in 1983. A survey released by the British Industry Federation indicated that the index dropped to -54 points, with deterioration continuing over the past three months, linked to weak consumer confidence and increasing cost pressures—signs of a slowing UK economy. Additionally, manufacturing orders experienced a rapid decline, adding further pressure on the economy.

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