UK retail sales continued to fall in May as retailers faced tougher trading conditions amid weak consumer demand and soaring inflation, data compiled by the British Retail Consortium and the advisory services firm KPMG, showed. Total retail sales dropped 1.1 percent in May from a year ago and like-for-like sales logged a decline of 1.5 percent. Spending on furniture, home appliances, and computing declined significantly in May. On a positive note, sales of clothing, footwear and accessories, both in-store and online increased for the current month.Powered by Commodity Insights
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