Retail sales in Great Britain fall as struggling households cut back
Summary
Retail sales in Great Britain dropped by 0.4% in September, a larger fall than experts expected. Most types of stores saw fewer sales, except for motor fuel and department stores, as consumers spend less amid lower confidence and warm weather affecting clothing sales.Key Facts
- Retail sales volume fell 0.4% month on month in September 2024.
- Economists predicted only a 0.1% drop, so the actual fall was much bigger.
- Online sales, especially for autumn and winter clothes, dropped due to warm weather.
- Motor fuel sales increased by 2.2% despite high prices at gas stations.
- Without fuel sales, overall retail sales dropped by 0.7%.
- Food and drink sales helped grow overall quarterly sales but fell slightly in September.
- Clothing, household goods, and supermarket sales all declined.
- The fall in sales comes before the UK chancellor announces the budget next week.
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