The Confederation of British Industry (CBI) released its retail sales balance data on Tuesday. The CBI retail sales balance jumped to +49% in September from +24% in August.

The increase was partly driven by a rise in sales in grocery and clothing stores.

Sales expectations for next month were up to +51%.

"Low inflation and the recovery in wage growth are helping to stimulate consumer demand, but the slowdown in the global economy and tight margins mean retailers won't get ahead of themselves as we head into autumn," CBI Director of Economics, Rain Newton-Smith, said.