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.
Weakening consumer confidence has led to a much worse than expected October for retailers. Retail sales volumes dropped 0.8% month-on-month.
The traders and locals on Horley High Street are determined to fight the seemingly endless tale of decline.
Another drip of bad news for Britain's battered retailers. Retail figures for October show sales are down 0.8% compared with September.