Businesses in Central London are apparently suffering from July’s terrorist attacks, as retail sales in shops there fell by 9 percent in July, according to a report by the British Retail Consortium.

The decline in London retail sales contributed to a decline of 1.9 percent in retails sales in the UK.

Excluding London sales numbers, sales on like items were flat in the month. While some analysts were pleased that the London figures did not affect UK sales as a whole more than they did, others worried that the full extent of the effect has not been felt yet.

Analysts say that it is not clear yet whether the events of July will lead to a lasting change in buying habits. Some analysts say that losses for central London retailers could translate into gains for retailers, as well as restaurants and leisure activity venues in the suburbs and out of town.

Meanwhile in its quarterly inflation report, the Bank of England’s monetary policy committee does not seem overly concerned about the long-term effects of the July bombings on the UK economy.