27.08.202510:09:02UTC+00UK Retail Sales Fall for 11th Month: CBI

The Confederation of British Industry's retail sales index for the UK saw a modest improvement in August 2025, rising to -32 from -34 in July, surpassing market predictions of -33. Despite this slight uptick, the data revealed that retail sales volumes have fallen for the 11th consecutive month. However, the outlook for September shows a potential improvement, with expectations set at -16. Retail prices surged at their fastest rate since late 2023, as indicated by the CBI's price index escalating to +65, although a deceleration is anticipated in the following month. According to the CBI, weak demand combined with rising labor costs is compressing profit margins, eroding business confidence, and prompting companies to reduce hiring and investment activities. Additionally, retailers are contending with increased employment taxes introduced by Finance Minister Rachel Reeves and a significant hike in the minimum wage.