UK retail sales fall more than forecast in September
Retail sales including auto fuel, dropped 0.8% month-on-month in September, reversing a 0.9% rise in August.
This was the first fall in four months and the biggest since March. Sales were forecast to drop marginally by 0.2%.
Likewise, retail sales volume excluding auto fuel slid 0.7%, in contrast to August's 0.9% increase. Economists had forecast a 0.1% fall for September.
On a yearly basis, growth in retail sales, including auto fuel, slowed to 1.2% in September from 2.3% in August. This was also weaker than the expected 2.1%.
Excluding auto fuel, retail sales climbed 1.6%, slower than the 2.6% increase seen in August. The expected growth rate was 2.2%. ■