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UK Retail Sales Fall by 0.8% in September

Published 18/10/2018, 09:30
Updated 18/10/2018, 09:38
© Reuters.  UK retail sales fall 0.8% in September vs. forecast for 0.4% decrease

Investing.com - Retail sales in the UK fell more sharply than expected in September, according to data released on Thursday, as consumers bought less food.

UK retail sales fell 0.8% last month, the Office for National Statistics said, double the 0.4% drop forecast by economists. That was compared to a 0.4% increase in August.

The decline came as shoppers cut back on food purchases after strong sales in August.

"In September 2018, the quantity bought declined by 0.8% when compared with August 2018, due mainly to a large fall of 1.5% in food stores; the largest decline in food store sales since October 2015," the ONS said.

In the three months to September retail sales increased by 1.2%.

“Retail continued to grow in the three months to September with jewellery shops and online stores seeing particularly strong sales,” ONS statistician Rhian Murphy said. “This was despite a stark slowdown in food sales in September, following a bumper summer.”

On a year-over-year basis, retail sales were up 3% last month.

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