UK retail sales drop by 0.4%, FOUR TIMES worse than forecast, after a warm September hits winter clothing sales
Clothing and footwear sales dropped 0.9% in September, while food stores fell 0.4% — their worst performance in four months. October brought the steepest single-month drop in consumer confidence since the early days of the Covid pandemic. Economists had pencilled in a decline of only 0.1%. The figures land just days before Chancellor John Healey is set to deliver his first Budget next week.
RSM UK's Thomas Pugh warned the economy's 'run of resilience might be coming to an end'.
Fuel volumes rose 2.2% despite pump prices continuing to climb.
Shoppers laid out 0.3% more in cash but received less in goods for each pound spent.
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The TelegraphRetail sales slide as households cut back on food before BudgetDaily Mail NewsClothing sales crunch hit high street in September as summer lingered and drivers struggled with surging pump pricesThe IndependentUK retail sales drop after warm weather hits winter clothing demandThe GuardianRetail sales in Great Britain fall as struggling households cut backCity A.M.Retail sales fall faster than expected ahead of BudgetReutersUK retail sales fall as consumer confidence tumblesSharecastUK retail sales fall more than expected in SeptemberRetail BulletinUK retail sales fell more than expected in September as warm weather hit clothing demand - Retail BulletinAskTraders.comUK Retail Sales Volumes Fall 0.4% in September as Warm Weather Bites - AskTraders.comDeeside.comWarm September hit autumn clothing sales as UK retail volumes fell 0.4 per cent | - Deeside.comInvesting.comUK retail sales fall 0.4% in September as consumer confidence hits six-month low - Investing.comayrshire-today.co.ukUK retail sales drop after warm weather hits winter clothing demand - ayrshire-today.co.uk
