UK Retail Sales Plunge 2.7% in Worrying Sign for Economic Growth
UK retail sales plummeted in May, the first time they have fallen this year, in a sharp reversal that suggests the economy could be struggling in the second quarter.
The volume of goods sold online and in stores dropped 2.7% after four consecutive monthly increases, the Office for National Statistics said on Friday. It was far worse than the 0.5% fall expected by economists and the biggest drop since December 2023.
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