Economic Buzz: UK Retail Sales Volumes Fall 20% In The Year To September

23 Sep 2022 , 04:29 PM

Retail sales volumes in UK fell at a considerable pace in the year to September, following a temporary return to growth in August, according to the latest CBI Distributive Trades Survey. Retail sales volumes dipped at a brisk pace in the year to September (-20%), after having shown strong growth in August (+37%). Next month, retailers expect sales volumes to continue to fall, but a slower rate (-13%). Retailers reported mildly disappointing sales for the time of year this month (-7% from +3% in August). Seasonal sales are expected to remain slightly poor in October (-4%). Orders placed upon suppliers decreased in the year to September (-16% from +1% in August) and are expected to remain broadly unchanged in October (-2%). Retailers stocks in relation to expected sales eased in September (+8% from +30% in August), but are projected to firm again next month (+24%). Internet sales volumes declined at a faster pace in the year to September (-19%) compared to August (-7%). A slightly more moderate rate of decline is expected for October (-14%). Elsewhere, wholesalers reported falling sales volumes in the year to September (-21% from -1% in August), with a similar rate of decline expected next month (-22%). Motor trade sales volumes fell at the quickest rate since June 2020 (-65% from -32% in August), and are expected to contract at a slightly faster pace next month (-69%).Powered by Commodity Insights