Belfast Telegraph

Friday 28 November 2014

UK retail sales dipped in September

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."

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