Economics
U.K. Retail Sales Drop With ‘Stark Slowdown’ for Food Stores
- Food spending tumbled most in almost three years in September
- Longer term trend more positive after strong summer for shops
This article is for subscribers only.
U.K. retail sales fell more than economists forecast last month as food spending slumped the most in almost three years.
Overall sales dropped 0.8 percent from August, compared with a median estimate of a 0.4 percent decline in a Bloomberg survey, according to data from the Office for National Statistics in London. Excluding auto fuel, sales also fell 0.8 percent.