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UK retail sales growth eases in Sept, optimism wanes

Published 25/09/2014, 11:06
© Reuters Shoppers rush in as the doors open for the Boxing Day sale at Harrods department store in London

LONDON, Sept 25 (Reuters) - British retail sales grew this month at a slightly slower pace compared with August, according to a survey on Thursday that showed retailers' optimism for sales in the coming month waned.

The Confederation of British Industry's distributive trades survey's retail sales balance fell to +31 in September, roughly in line with a Reuters poll forecast for +30, from August's six-month high of +37.

Sales expectations for October fell to +26, a three-month low.

"Solid growth continues on the high street, with most sectors doing decent business and department stores performing particularly well," said Rain Newton-Smith, director of economics at the CBI.

© Reuters. Shoppers rush in as the doors open for the Boxing Day sale at Harrods department store in London

"However, the pace of growth in the grocery sector tailed off significantly compared with the previous survey."

(Reporting by Andy Bruce; Editing by David Milliken)

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