U.K. Retail-Sales Growth Slumps to Weakest in Four Years
- September decline of 0.8% was bigger than economists forecast
- Half of Britons are financially vulnerable, according to FCA
BNP's Saywell Says BOE Will Not Hike Interest Rates
This article is for subscribers only.
U.K. retail sales fell more than forecast in September, leaving growth in the third quarter at its weakest in four years.
Sales dropped 0.8 percent from August, far more than the 0.1 percent estimated in a Bloomberg survey. Over the third quarter, annual growth slowed to 1.5 percent, the worst performance since October 2013, according to data from the Office for National Statistics in London.