U.K. Retail Sales Volume Falls Slightly

U.K. retail sales fell more than expected in September when compared with the previous month as the unseasonably warm weather hit clothing and shoe sales, with sales of the items decreasing almost 8 percent month-on-month.  Retail sales volumes fell 0.3 percent in September when compared with August according to the Office of National Statistics (ONS).

Economist polled by Reuters had anticipated a fall of 0.1 percent on the month and a gain of 2.8 percent on the year, compared to the 2.7 percent recorded.

The ONS said the amount spent in the retail industry slipped by 0.6 percent compared to August, with feedback from retailers putting the dip in sales down to the warm weather, meaning shoppers delayed purchases of autumn and winter clothing and footwear.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.