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UK Retail Sales Growth Slows in May Amid Consumer Caution
Non-essential spending declines as shoppers opt for cheaper items
UK retail sales growth slowed to just 1% year-on-year in May, marking the weakest performance so far in 2025.
The slowdown was driven by a decline in non-essential spending, particularly in categories like clothing, as consumers increasingly opted for more affordable items amid ongoing economic uncertainty.
The slowdown was driven by a decline in non-essential spending, particularly in categories like clothing, as consumers increasingly opted for more affordable items amid ongoing economic uncertainty.
