UK retail sales fall ahead of year-end promotions - BDO Survey

Dhwani Mehta FXStreet

The latest survey conducted by the accountancy and business advisory firm BDO, the UK”s retail consumer spendings declined in annual terms during October, suggesting disappointing crucial end-of-year period.

Key Findings:

In-store turnover among retailers dropped 2.0 percent year-on-year after a 2.7 percent fall in September, on a like-for-like basis which excludes new store openings, accountancy and business advisory firm BDO said.

Including online sales, like-for-like turnover rose by 1.0 percent on the year.

Footfall — the number of people going to shops — also declined in October, marking an “ugly start” to the fourth quarter ahead of the Black Friday promotions in late November and Christmas sales next month, BDO said.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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