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UK Retail Sales Unexpectedly Fall by 0.2% in September

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Fifty pounds in a pocket

The UK’s retail sales volumes declined for the 5th straight month in September, down 0.2% month-on-month.

Source: Office for National Statistics

FTSE 100 up +0.57%, GBP USD down -0.01%

Retail sales in September were down by lower sales in non-food stores that were down 1.4%. This was driven by household goods stores (-9.3%) and other non-food stores (-1.7%).

Automotive fuel sales volumes rose 2.9% on a monthly basis in September, backed by increasing demand. Food store sales volumes increased by 0.6% last month.

Retail sales rebounded solidly in the first part of the year as lockdown restrictions slowed down for shops. But they have dropped steadily since a peak in April.

In the three months to September, sales dropped 3.9%, that the Office for National Statistics would lower broader economic growth in the third quarter by 0.2 percentage points.

Compared to the same period last year, retail sales volumes dropped 1.3% in September 2021.

Petrol sales in September surpassed pre-pandemic levels, but there was a significant decline in sales of household goods such as furniture and lighting.

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