UK Retail Sales Fall More Than Expected After Queen’s Death
- Cost-of-living squeeze also ate into consumer spending power
- Fuel sales fell around the time of the state funeral
Consumer confidence lingered near historic lows in October, a survey from GfK Ltd. said earlier Friday.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
UK retail sales fell more than expected last month after the death of Queen Elizabeth II curtailed activity and cost-of-living pressures hit harder.
The volume of goods sold in shops and online dropped 1.4% in September after a revised 1.7% decline the month before, data from the Office for National Statistics showed Friday. Economists had expected an 0.5% drop.