Refresh

This website londonlovesbusiness.com/may-retail-sales-cracks-starting-to-appear/ is currently offline. Cloudflare's Always Online™ shows a snapshot of this web page from the Internet Archive's Wayback Machine. To check for the live version, click Refresh.

Home Business NewsMay retail sales – cracks starting to appear

May retail sales – cracks starting to appear

by Thea Coates Finance Reporter
20th Jun 25 10:45 am

The Office for National Statistics has reportedย retailย salesย figures in Great Britain for May:

Retailย salesย volumes fell by 2.7% in May following a rise of 1.3% in April.

Non-food store sales volumes fell by 1.4%, Food fell by 5.0% following strong growth of 4.7% in April. Clothing sales volumes fell by 1.8%.

Retail sales had been expected to fall by 0.5%.

Charlie Huggins, Manager of the Quality Shares Portfolio at Wealth Club said, “Cracks in consumerย spending may finally be starting to appear – retailย salesย volumes came in much worse than expected inย May.

The sales decline was broad based with every category seeing weakness and online spending also falling.

Food sales were especially weak,ย giving up all theirย gains inย April, and a bit more. Clothing also had another weak month suggesting that consumers may be cutting back on discretionary purchases.

It’s only one month, but these figures do not paint a great picture. Cracks in the UK economy are starting to appear and consumers are starting to feel less confident. This will intensify pressure on theย Bank of Englandย to cut rates sooner rather than later.

Leave a Comment

You may also like

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]