The Confederation of British Industry’s (CBI) monthly gauge of UK retail sales rose to -34 in July 2025, up from June’s 17-month low of -46. While the figure marks an improvement, it still fell short of market expectations of -26. The latest reading indicates that retail sales volumes declined for the tenth consecutive month, as rising prices and ongoing economic uncertainty continued to weigh on consumer spending. Meanwhile, the measure of expected sales for August improved to -31, compared to -49 the previous month.
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