This ad will be closed automatically in X seconds.

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 (3)
 
Research by Vypr has shown that the cost-of-living crisis is affecting how UK consumers plan to celebrate Halloween this year. ...
Copy of Progressive Preschool featured image (2)
 
Spring Fair needs your help to bring together a Hall of Fame compilation of memories, pictures and great stories from the show’s 75-year history....
Copy of Progressive Preschool featured image (1)
 
Fashion experts at boohooMAN have revealed their predictions for the hottest costumes inspired by the biggest on-screen characters of 2024. ...
Copy of Progressive Preschool featured image
 
The 'Let's Fly' exhibition opens on 30 October and runs until 16 March at Ace Mission Studios. ...
Copy of Progressive Preschool featured image (16) 10.29.27
 
From iconic Marvel characters to TV show-inspired ensembles, Rubies has something for everyone this Halloween. ...
Copy of Progressive Preschool featured image (14)
 
Hosted by designer and TV personality Jeff Banks CBE, 15 free podcasts feature interviews with 15 industry figureheads. They will be running over a period of 14 weeks from Sunday 20 October ...
Get the latest news sent to your inbox
Subscribe to our daily newsletter