October retail sales fall to lowest level in over two years

The Office for National Statistics has reported that sales volume fell by 0.3% month-on-month in October.

The drop follows a decline of 1.1% in September and is in contrast to economist predictions of a rise of 0.3%. Sales fell 1.1% in the three months to October.

Heather Bovill, deputy director for surveys and economic indicators, commented: “Retail sales fell again in October to their lowest level since February 2021 when widespread lockdown restrictions were in place.

“After rebounding in September, fuel sales dipped with increasing prices discouraging customers, while food sales also dropped as consumers prioritised essential goods.

“It was another poor month for household goods and clothes stores with these retailers reporting that cost-of-living pressures, reduced footfall and poor weather hit them hard.

“However, it was a better month for online retailers, the only main sector to report growth in October.”

Online sales increased by 0.8% compared to September.

MORE NEWS
Copy of Progressive Preschool featured image - 2025-05-08T203019.539
 
NABAS, the National Association for Balloon Artists and Suppliers, has unveiled its new branding at the signature Party Industry Event....
Copy of Progressive Preschool featured image - 2025-05-08T202516.186
 
The winners of the NABAS 2025 Awards were announced at the association’s Party Industry Event in Warwick this month. ...
Copy of Progressive Preschool featured image - 2025-05-08T201043.740
 
Card Factory has reported results for the year ended 31 January 2025, with a 6.2% increase in sales year-on-year....
Copy of Progressive Preschool featured image - 2025-05-08T195700.782
 
Oppo Merchandise Group has partnered with Toei Animation to launch its first anime collection....
Copy of Progressive Preschool featured image - 2025-05-08T193834.702
 
Meri Meri has introduced a range of tableware, decor and gifts in collaboration with Liberty....
Copy of Progressive Preschool featured image - 2025-05-08T192518.483
 
Rubies has announced a new partnership with Netflix to secure licensing rights for brands including Stranger Things, Squid Game, The Witcher and One Piece. ...
Get the latest news sent to your inbox
Subscribe to our daily newsletter