Economy
The latest news, updates and analysis on the economy and how it is affecting the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Jul- 2023 -21 July
Consumer confidence falls in July
Consumer confidence index dropped six points in July to -30 as “reality bites” resilient consumers amid rising inflation and interest…
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19 July
Profit warnings from FTSE retailers fall in H1
FTSE retailers have issued only 10 profit warnings for the first half of 2023, marking a fall from the 16…
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19 July
Inflation falls faster than expected in June
The rate of price rises has fallen to 7.9% in June, down from 8.7% in May, according to the latest…
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13 July
UK economy shrinks in May
The UK economy contracted by 0.1% in May as output was negatively affected by the King’s coronation, according to the…
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12 July
Cost of living crisis to wipe £65bn from household finances
Inflation and the cost of living crisis are set to wipe £65bn from household finances across the UK, with real…
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11 July
UK retail sales rise 5% in June
Total retail sales in the UK were up 4.9% in June, compared with a 1% decline in June 2022, according…
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Jun- 2023 -27 June
Shop price inflation falls to 8.4% in June
Shop price inflation in the UK has fallen to 8.4% in June, down from 9% in May, according to new…
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23 June
Consumer confidence improves by a further three points in June
GfK’s long-running Consumer Confidence Index increased three points to -24 in June. after three measures improved, one was down and…
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22 June
BoE raises interest rate to 15-year high
The Bank of England (BoE) has raised interest rates for the 13th consecutive time to 5%, the highest level in…
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21 June
Inflation fails to fall in May
Inflation in the UK remained unchanged at 8.7% in the year to May, dashing hopes that prices would continue to…
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