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.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)