UK retail sales dipped in September
Published 21/10/2010 | 10:16
UK retail sales volumes were weaker than expected in September, official figures showed today, as anxiety ahead of the Government's deficit-busting cuts deepened.
The 0.2% decline announced by the Office for National Statistics (ONS) represented a second unexpected monthly decline in sales, after volumes dropped 0.5% in August.
The figures come amid warnings from retailers over the impact Chancellor George Osborne's belt-tightening spending review would have on the high street.
Howard Archer, chief UK economist at IHS Global Insight, said: "The second successive fall in retail sales in September is surprising and particularly worrying given the importance of consumer spending to the economy."