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That’s a disappointing reading and once again reaffirms that household spending continues to suffer amid higher prices in the UK. The details show that food store sales were down 1.1% on the month, with department store sales down 3.4%, and other non-food store sales down 1.9%. Besides that, there were also drops for textile clothing & footwear (-1.6%), household goods (-2.1%), and non-store retailing (-1.1%).
This article was written by Justin Low at www.forexlive.com.
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