U.K. Retail Sales Plunge After Demand Decline

U.K. retail sales fell more than economists forecast in October, led by a decline in demand for food and clothing. Sales including fuel dropped 0.8 percent from September, when they gained a revised 0.5 percent, the Office for National Statistics said today in London. The median forecast of 23 economists in a Bloomberg News survey was for a 0.1 percent decline. Food, which accounts for about 41 percent of retail sales, declined 0.6 percent.
China's Inflation Target `Bit Too Ambitious': Qiao
47:07 - March 5 -- Helen Qiao, chief China economist at Morgan Stanley, talks about the forecasts announced by Premier Li Keqiang at the annual meeting of the legislature in Beijing. She speaks with Rishaad Salamat on Bloomberg Television's "Trending Business."
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