Nov 16, 2017

UK retail sales in first annual fall since 2013

UK retail sales fell by 0.3% in October compared with a year ago, according to official figures. The Office for National Statistics said it was the first annual fall since March 2013. Higher inflation had dampened spending, the ONS said, but it also pointed to the fact that last October had seen very strong growth. Taking the three months to October, sales volumes were up 0.9% compared with last year. The ONS said this suggested the underlying pattern in the retail sector was one of growth.

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