Economic Buzz: UK Retail Sales Advance 0.6% On Month In October

18 Nov 2022 , 02:41 PM

UK retail sales volumes advanced 0.6 percent on a monthly basis in October, faster than the expected growth of 0.3 percent, data from the Office for National Statistics showed Friday. The monthly growth reversed the revised 1.5 percent decrease in September, which was affected by the bank holiday for the State Funeral. Still overall sales were 0.6 percent lower than the pre-pandemic level in February 2020. Year-on-year, the decline in retail sales slowed to 6.1 percent from 6.8 percent in September. Sales were forecast to ease 6.5 percent.Powered by Commodity Insights