Improved consumer confidence 'far from guaranteed'

Indeed, 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.

– Howard Archer, Economist

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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.