By Xavier FontdegloriaU.K. retail sales fell in August as a decline in households' real incomes due to high inflation weighed on consumer spending. Retail sales volumes fell 1.6% on month in August, swinging from a revised 0.4% increase in July, the Office for National Statistics said Friday. Economists polled by The Wall Street Journal expected retail sales to decline 1.4% on month. August's monthly fall was broad-based, with declines in all main sectors, the ONS said. Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com

Source: Wall Street Journal September 16, 2022 17:11 UTC