Economic Buzz: UK Retail Sales Drop 1.4% On Month In September

21 Oct 2022 , 03:08 PM

The decline in UK retail sales deepened unexpectedly in September as the rising cost of living weighed on the volume of spending, and also the holiday on account of the state funeral reduced sales. Retail sales dropped 1.4 percent month-on-month, following a revised 1.7 percent decline in August, the Office for National Statistics reported. On a yearly basis, the decline in retail sales worsened to 6.9 percent in September from 5.6 percent in August. Powered by Commodity Insights