UK’s monthly retail sales rebound in October

All of the main sectors saw growth in sales in October, except for food stores, where sales volumes fell by 1.0%. Food sales volumes have followed a downward trend since summer 2021.

“In recent months, supermarkets have highlighted that they are seeing a decline in volumes sold because of increased cost of living and food prices,” the ONS said.

Non-food stores sales volumes increased by 1.1%, automotive fuel sales hiked 3.3%, while non-store retailing grew 1.8%.

“The sub-sector of other non-food stores reported a monthly rise in sales volumes of 3.6% because of strong growth in second-hand goods stores (particularly auctioning houses),” it said.

On an annual basis, Britain’s retail sales volumes dropped 6.1% in October.

Source: Anadolu Agency