UK retail sales fall more than forecast in SeptemberStaff Writer |
Britain The first fall in four months
UK retail sales declined more than expected in September, figures from the Office for National Statistics revealed Thursday.
This was the first fall in four months and the biggest since March. Sales were forecast to drop marginally by 0.2%.
Likewise, retail sales volume excluding auto fuel slid 0.7%, in contrast to August's 0.9% increase. Economists had forecast a 0.1% fall for September.
On a yearly basis, growth in retail sales, including auto fuel, slowed to 1.2% in September from 2.3% in August. This was also weaker than the expected 2.1%.
Excluding auto fuel, retail sales climbed 1.6%, slower than the 2.6% increase seen in August. The expected growth rate was 2.2%. ■
What to read next