Retail dip worse than expected
Weakening consumer confidence has led to a much worse than expected October for retailers. Retail sales volumes dropped 0.8% month-on-month.
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Hope for the High Street: a dispatch from Horley, Surrey
Busy streets, but shoppers are spending less
Weakening consumer confidence has led to a much worse than expected October for retailers. Retail sales volumes dropped 0.8% month-on-month.
Read the full storyHope for the High Street: a dispatch from Horley, Surrey
The traders and locals on Horley High Street are determined to fight the seemingly endless tale of decline.
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Dip in sales for Britain's battered retailers
Another drip of bad news for Britain's battered retailers. Retail figures for October show sales are down 0.8% compared with September.
Read the full storyRetail sales dip a 'dispiriting result'
– British Retail ConsortiumThis is a really dispiriting result so close to Christmas. September's slight upturn in sales offered retailers mild cause for cheer, but it was frustratingly short-lived. Consumer confidence dropped to a six-month low in October and this has led to sales growth almost grinding to a halt at a critical point. With Christmas fast approaching, retailers will be hoping that the festive feelgood factor translates into a much stronger showing next time.
Retail sales figures worse than expected
by Laura Kuenssberg - Business EditorRetail figures just out, nastier than expected - spending down 0.8% on the month. But retail is up 0.6% on the year and online continues to grow. Weekly online spending is now more than £500 million.
High street sales falls in October
by Chris Choi - Consumer EditorRetail sales figures for October down as people squeezed by rising prices.
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Improved consumer confidence 'far from guaranteed'
– Howard Archer, EconomistIndeed, consumer confidence disappointingly suffered a relapse in October after edging up to a 15-month high in September, highlighting that sustained improvement in consumer spending is far from guaranteed over the coming months.
Retail sales expected to fall after brief bounceback
Weak consumer confidence is expected to take its toll again on the high street following a bounceback in September.
- Experts predict a 0.2% drop in retail sales volumes for October
- It follows a 0.6% rise the previous month, driven by demand for warmer clothes and back-to-school clothing
- But many consumers still face significant pressures of rising inflation, higher food prices and muted wage growth
Official figures are released at 9:30am.