Oct 19, 2017

UK retail sales fall in September, ONS says

Retail sales suffered an unexpectedly sharp fall of 0.8% in September, reversing a jump in August, according to the Office for National Statistics. It meant that third-quarter retail growth slowed to a year-on-year rate of 1.5%, its lowest since the second quarter of 2013. The figures come at the Bank of England contemplates its first interest rate rise in a decade. A fall in the value of sterling has pushed up the price of imported goods. Kate Davies, ONS statistician, said: "There is a continuation of the underlying trend of steady growth in sales volumes following a weak start to the year, and a background of generally rising prices."

Read the full story

 Related companies

Make a complaint about National by viewing their customer service contacts.