Economic news

UK retail sales rise on higher prices for food and clothing

UK retail sales increased in September, boosted by rising food and clothing prices, the British Retail Consortium reported. Like-for-like retail sales climbed 1.9% in September compared to the same month last year. Total sales surged 2.3%.

The data showed that food sales soared by 2.5% on a like-for-like basis over the three months to September and 3.5% in total, while non-food sales increased by just 0.5%, or by 0.9% on a total basis.

September was a second month in row of relatively good sales growth which should indicate optimistic news for retail distributors and the economy.



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