News in Review Wednesday 3rd July 2024 - HCR IFA
News in Review Wednesday 3rd July 2024

News in Review Wednesday 3rd July 2024

New retail data from the Confederation of British Industry (CBI) has highlighted a softening in retail sales in June, with a similar expectation for July, as “unseasonably cold weather” impacted, while “internet retail sales fell sharply too,” according to Interim Deputy Chief Economist at the CBI, Alpesh Paleja. Measuring volumes year-on-year, the CBI’s monthly retail sales balance fell to -24 in June from +8 in May. Expected sales for July indicate a reading of -9.