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Transaction Levels in England and Wales Decrease Significantly
‘Worryingly consistent performance’ across the board when it comes to the reduction in market activity, says agency MD Recent reports have revealed that transaction levels in England and Wales have decreased significantly in the past year. This is a worrying trend for the economy, as it suggests that consumer confidence is waning and people are not spending as much as they used to. The Office for National Statistics (ONS) has released figures showing that the number of transactions in England and Wales fell by 8.3% in the year to June 2019. This is the biggest drop since records began in 1997 and is a stark contrast to the 2.2% increase seen in the previous year. The decrease was driven by a fall in the number of transactions for both goods and services, with the latter dropping by 11.3%. ...