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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Retail sales fall in May, consumer confidence at record low

Retail sales fell last month as households cut back on food purchases in response to cost-of-living pressures.

The Office for National Statistics reported a 0.5% drop in sales volumes for May, with the previous month’s 1.4% growth revised to 0.4%.

The update came as June’s consumer confidence barometer from GfK hit a record low of minus 41 as price rises outpace wages.

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