UK retail sales recover only partially as outlook darkens

British retail sales staged only a partial rebound last month after shops closed in September for the funeral of Queen Elizabeth, and they remained below their pre-pandemic level as soaring inflation hits spending power.

by | 20 Nov, 2022

Retail sales volumes rose in October by 0.6% month-on-month, following a 1.5% drop in September.

A Reuters poll of economists had pointed to a 0.3% rise from September when Britain held a one-off public holiday to mark the funeral of the queen which was observed by many businesses including retailers.

Read more at Reuters

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