• UK retail sales drop 0.6% in October

Market news

19 November 2015

UK retail sales drop 0.6% in October

The Office for National Statistics released its retail sales data for the U.K. on Thursday. Retail sales in the U.K. fell 0.6% in October, missing expectations for a 0.5% decline, after a 1.7% rise in September. September's figure was revised down from a 1.9% increase.

The decline was driven by lower food stores, department stores and clothing sales.

Food sales declined 1.3% in October, non-food sales fell 0.3%, and clothing and footwear sales slid 1.8%, while household goods sales dropped 0.8%.

Sales of auto fuel climbed 1.7% in October.

On a yearly basis, retail sales in the U.K. climbed 3.8% in October, missing forecasts of 4.2% increase, after a 6.2% rise in September. September's figure was revised down from a 6.5% gain.

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