• UK retail sales unexpectedly fell in October

Market news

14 November 2019

UK retail sales unexpectedly fell in October

Office for National Statistics said, the quantity bought in October 2019 fell by 0.1% when compared with the previous month, with only fuel and department stores reporting growth. Economists had expected a 0.2% increase.

Year-on-year growth in the quantity bought increased by 3.1% in October 2019, with growth across all sectors except household goods stores. Economists had expected a 3.7% increase

Online sales as a proportion of all retailing increased to 19.2% in October 2019, from the 19.0% reported in September 2019.

In the three months to October 2019, the quantity bought in retail sales increased by 0.2% when compared with the previous three months; this is the lowest growth since April 2018. Food stores were the only main sector to see growth (0.8%) in the three-month on three-month series.

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