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Brexit fails to put off shoppers

By Josie Clarke

Published 21/10/2016

Shoppers continue to show no sign of Brexit caution
Shoppers continue to show no sign of Brexit caution

UK retail sales were slightly weaker than expected in September, but shoppers continued to show no sign of Brexit caution, figures suggest.

There was no change in the quantity consumers bought in the month compared with August, missing expectations of a 0.2% increase, Office for National Statistics figures show.

Sales grew by 4.1% on the same time last year, which was also weaker than expected.

The ONS said rising prices and an “unusually warm” September hit demand for autumn and winter clothing.

ONS statistician Kate Davies added: “The underlying trend is one of strength, suggesting consumer confidence has remained steady since June’s referendum.”

The amount spent online increased by 22% compared with September last year and by 2.8% compared with August this year.

Ian Gilmartin, head of retail and wholesale at Barclays, said: “It’s reassuring to see retail sales holding up in September.

“The public enjoyed the Indian summer, but it wasn’t so popular with fashion retailers, who were trying to push their autumn and winter lines, although those with a good web business may have benefited from overseas traffic due to the weaker pound. Despite this, other parts of the industry performed well.”

Belfast Telegraph

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