Prior -34
That’s another poor reading as UK retailers suffered another downturn in August, marking eleven consecutive months now. Weak demand conditions continue to put pressure on firms with the negative sentiment also reflected in scaling back of plans for investment and hiring. But perhaps the standout in the report is that the measure of average selling prices rose to +65 in August, the fastest rate since November 2023. Price pressures starting to become an issue again?
This article was written by Justin Low at investinglive.com.