July’s decline follows a revised 0.7% June gain, signaling softer consumer spending amid economic uncertainty.
UK retail sales fell 0.5% month-over-month in July, aligning with market expectations. The decline follows a revised 0.7% increase in June, previously reported as 1.0%.
The data reflects a slowdown in consumer spending, a key driver of economic growth. Analysts had anticipated the drop after mixed signals from high street activity and inflation pressures.
Markets showed limited reaction as the print matched consensus forecasts, though sterling remained under slight pressure.