Retail sales cool unexpectedly in August
UK retail sales growth slowed in August at the fastest pace in more than a year as higher inflation continues to squeeze consumers’ pockets.
The latest quarterly CBI Distributive Trades Survey showed that in the year to August, the volume of sales fell at the fastest pace since July 2016, with orders placed on suppliers also falling considerably year-on-year.
Overall, sales for the time of year were considered to be below seasonal norms to the greatest extent since October 2014.
Looking ahead to next month, retailers expect... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...