Retail sales decline ‘does not bode well’ ahead of Christmas

Shoppers on rainy high street

Retail sales fell in October to their lowest level since the February 2021 lockdown as the cost-of-living crisis combined with wet weather took its toll on retailers, according to the Office for National Statistics (ONS).

Sales by value increased 2.2% year on year and grew 0.1% month on month.

However, sales by volume decreased 2.7% year on year and also dipped 0.3% from September to October.

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