LAST MINUTES | Retail sales mark UK path to recession

LAST MINUTES | Retail sales mark UK path to recession

We just got UK retail sales data. In annual terms they fell to -6.9%. A worse number than the previous one, by more than a percentage point drop (-5.4%). And also worse than expected which saw an increase, it was -5%.

As for UK monthly retail sales, it increased slightly and remained at -1.4%, but a much worse figure than expected. This is a sign of a recession where the UK economy is headed.

#last minute
#retailer
#UK
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#resesiuk
#recession
#england crisis
#consumerunited
#consumption
#lasthourreinounited
#datauk
#england economy
#news
#newenglish

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Roderick Gilbert

"Entrepreneur. Internet fanatic. Certified zombie scholar. Friendly troublemaker. Bacon expert."

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