July’s decline follows a revised 0.7% June gain, reflecting softer consumer spending amid steady market expectations.
United Kingdom retail sales fell 0.5% month-over-month in July, aligning with market forecasts. The decline follows a revised 0.7% increase in June, previously reported as a 1.0% rise, according to official data released Friday.
The reading marks a slowdown in consumer spending, a key economic indicator. Analysts had anticipated the 0.5% drop, suggesting muted demand after a brief rebound in the prior month.
No immediate market reaction was reported following the release, which underscores steady but subdued retail activity in the UK.