Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
UK retail sales suffered a bigger-than-expected decline in September, according to figures from the Office of National Statistics on Friday.
Retail sales fell 6.9% annually in September, with the decline accelerating from a 5.6% fall in August. It also was worse than FXStreet-cited market consensus, which had expected a fall of just 5%.
On a monthly basis, retail sales fell 1.4% in September, with the decline easing slightly from 1.7% in August. However, sales saw a steeper fall than expected, with consensus expecting a 0.5% drop.
Excluding fuel, September sales fell 1.5% on a monthly basis, compared to 1.7% in August. Annually, sales excluding fuel fell 6.2%, compared to 5.3% in August.
Copyright 2022 Alliance News Limited. All Rights Reserved.