Retail Figures for October Show Surprising Fall; Clothing, Textiles and Footwear Avoid Retreat

Summary

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UK retail sales fell unexpectedly last month and mortgage lending growth continued to slow, according to figures yesterday which will add to the growing belief that interest rates have peaked.

National Statistics said retail sales volumes had fallen a seasonally-adjusted 0.4% in October - defying City expectations that they would be unchanged from September.

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Retail Figures for October Show Surprising Fall; Clothing, Textiles and Footwear Avoid Retreat

Sales fell during October in all of the main sectors apart from textiles, clothing and footwear. The non-specialised sector which includes department stores sa...

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