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 Friday. Economists had forecast sales to drop at a slower pace of 0.5 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.