Coresight Bites: June UK Retail Sales—Deepest Volume Declines in 30+ Years

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• Coresight Research’s monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on the US, the UK and China.
• Adjusting for inflation, the year-over-year volume decline in UK retail sales deepened in June to (5.9)%, according to the Office for National Statistics (ONS). Excepting the pandemic-hit months of April and May 2020, this set a record for volume declines, based on the ONS’s current data set, which extends back to January 1989.
• In June, total UK retail sales value growth continued to slow, even as overall consumer price inflation accelerated. The total sector eked out a very modest 1.7% year-over-year value increase during the month.

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