British retail sales suffered their steepest drop in 18 months in May as consumers cut back on purchases of food and household goods.
Friday’s figure from the Office for National Statistics showed sales tumbled 2.7 per cent last month, below the 0.5 per cent decline forecast by economists polled by Reuters and the biggest monthly fall since December 2023.
May’s drop was led by a 5 per cent fall in sales at food stores and a 2.5 per cent decline in household goods as shoppers pulled back.
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