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UK retail sales remain steady in September

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Banking Essentials Newsletter: September Edition


UK retail sales remain steady in September

Retail sales volume in the U.K. stayed flat month over month in September, missing market expectations, following a revised decline of 0.3% in August, data from the Office for National Statistics showed.

Month over month, the quantity bought remained flat in September as growth in the food and nonfood sector was balanced by falls in fuel and nonstore retailing, the Office for National Statistics noted.

The Econoday estimate was for a rise of 0.2% in overall quantity bought in September.

In the three months to September, the quantity bought grew 0.6%. Nonstore retail grew 4.3%, including high growth in July when sales were boosted by summer promotions. Food store sales grew in the three months to September. In contrast, all sectors within nonfood stores registered falls except for "other stores."

On an annual basis, retail volume grew 3.1% in September, with growth in all sectors except department stores and household goods.

Online sales rose 9.1% on an annual basis and constituted 19.1% of total retailing in September compared with 19.5% in August.