Open Demo Account
Home / Market Update / UK Retail Sales Fall as The Economy Weakens

UK Retail Sales Fall as The Economy Weakens

Adel 27 October, 2020 5:23 pm Market Update

Tuesday’s survey showed that the recovery of the retail sector in Britain, which was a bright spot for the economy affected by the Coronavirus, stopped this month after recording improvement over several months.

The Confederation of British Industry monthly survey of retail sales fell to -23 in October, the lowest level since June, after hitting an 18-month high in September at +11.

Economists in a Reuters poll expected a reading of +1.

Tags

Check Also

Could U.S.-Japan Trade Deal Shift Eurozone Bond Yields and ECB Strategy?

The U.S.-Japan trade deal, finalized in July 2025, has reshaped global economic dynamics, impacting Eurozone …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends