UK retail sales declined by 0.5% on a month-on-month basis in May report the ONS, the declines adding to the 0.1% decline seen a month prior.
Read more: Retail Sales Disappoint, June Washout Means no Big Recovery Likely
The Consumer Prices Index (CPI) measure of inflation increased 2.0% year-on-year in May 2019, down from 2.1% in April 2019.
Read more: UK Inflation at 2.0%, Unlikely to Bother the Bank of England
The Pure Gold Company are today reporting a 378% increase in first time investors purchasing gold bars and coins over the last seven days (compared to the weekly average for 2019), with many deeply concerned there will be a severe global recession driven by systemic geopolitical risks.
Read more: Physical Gold Demand Jumps as Recession Risks Rise
House prices in the Eurozone are dangerously close to forming a bubble, says German lender Commerzbank, and the situation is only likely to get worse.
Read more: ECB Risk Fuelling a Eurozone Housing Bubble
Further confirmation that the UK economy is stalling ahead of the mid-year point was today confirmed by the release of survey data that showed the construction sector shrunk in May.
Read more: Construction Sector Slumps in May, Adds to Fears the UK Economy is in a Sharp Slowdown
The UK's dominant services sector expanded in May, easing concerns that then economy was at risk of going into reverse after both the construction and manufacturing sectors shrank last month.
Read more: Services PMI Beat will Ease Concerns of a Slowing UK Economy
The UK's manufacturing sector contracted in May according to survey data which showed the total volume of new business placed fell for the first time in seven months.
Read more: Shock Data Shows UK Manufacturing Entered Reverse in May
