British retail sales surprisingly rose overall in July but consumer confidence is at a record-low as the United Kingdom heads toward recession.
Sales by volume gained 0.3 percent last month after a slight drop in June, the Office for National Statistics said, while analysts’ consensus had been for another fall.
“However, fuel sales fell with some evidence suggesting the very hot weather meant fewer people traveling.”
Morgan added that another fall in sales of clothing and household goods indicated “consumers are cutting back due to increased prices and concerns around affordability and cost of living”.
Separate data today showed UK consumer confidence at a record low.
A Federal High Court has revoked the bail earlier granted to former Attorney-General of the…
Forensic specialists have recovered 105 bodies from mass graves in Yelwata, marking a significant development…
The Supreme Council for Sharia in Nigeria (SCSN) has firmly dismissed reported calls by some…
Ahmadu Umaru Fintiri, the Governor of Adamawa State, has officially left the Peoples Democratic Party…
Tragedy struck in Ogun State after a worker attached to the state’s planning authority was…
President Bola Tinubu hosted a select group of senators for an Iftar dinner at the…