UK Retail Sales Fall More Than Expected
LIKE.TG 成立于2020年，总部位于马来西亚，是首家汇集全球互联网产品，提供一站式软件产品解决方案的综合性品牌。唯一官方网站：www.like.tg
(RTTNews) - UK retail sales declined more than expected in October as consumers reduced their spending on food and clothing, data released by the Office for National Statistics showed on Friday.
Retail sales dropped 0.7 percent on a monthly basis in October, in contrast to the revised 0.1 percent rise in September. Sales were expected to fall 0.3 percent.
Excluding auto fuel, retail sales posted a decline of 0.9 percent after a 0.1 percent gain. Economists forecast sales to drop 0.3 percent.
Non-food stores sales volumes decreased 1.4 percent as retailers reported that Budget uncertainty affected sales. Food store sales were down 0.6 percent, while auto fuel sales rebounded 0.6 percent. Year-on-year, retail sales growth eased to 2.4 percent in October from 3.2 percent in September.
Excluding auto fuel, retail sales growth slowed to 2.0 percent from 3.2 percent in the previous month.
Capital Economics' economist Ashley Webb said the bigger-than-expected fall in retail sales indicates that households' concerns about tax rises announced in the Autumn Budget contributed to weaker retail spending at the start of the fourth quarter.
Elsewhere, survey results from the market research group GfK showed that consumer confidence ticked up in November ahead of the shopping season. Moreover, concerns about the impact of the UK budget and the US presidential election eased.
The consumer confidence index rose to -18 in November from -21 in October as all five sub-indices of the index were up from the previous month.
现在关注【LIKE.TG出海指南频道】、【LIKE.TG大客户服务频道】,即可免费领取【WhatsApp、LINE、Telegram、Twitter、ZALO云控】等获客工具试用、【住宅IP、号段筛选】等免费资源，机会难得，快来解锁更多资源，助力您的业务飞速成长！点击【联系客服】
本文由LIKE.TG编辑部转载自互联网并编辑，如有侵权影响，请联系官方客服，将为您妥善处理。
This article is republished from public internet and edited by the LIKE.TG editorial department. If there is any infringement, please contact our official customer service for proper handling.
Server deployment全球论坛人工智能论坛全球峰会发展论坛战略论坛开放论坛程序员论坛互联网峰会科技峰会
