UK retail sales decline 0.8% m/m in September, a big miss
| • UK retail sales declined 0.8% m/m in September.
• Core sales also fell by 0.8% m/m in September.
The UK retail sales declined 0.8% month over month in September, worse than a fall of 0.4% anticipate and an upwardly revised 0.4% growth recorded in the previous month. Meanwhile, core retail sales, which excludes the auto motor fuel, also declined by 0.8% m/m during the reported period.
On an annualized basis, the UK retail sales rose by 3.0% in September, versus 3.6% expected and 3.4% previous, while the core retail sales growth also slowed to 3.2% y/y rate as compared to 3.6% previous and 3.7% anticipated.
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