UK retail sales grow 1.5% year on year in a subdued October as shoppers hold back

Summary

Retailers suffered a subdued October as shoppers held back ahead of Black Friday, the Evening Standard and The Independent reported on Tuesday 10 November. Total UK retail sales increased by 1.5% year on year, although this was above the three-month average growth of 1.2%, according to the BRC and KPMG, the two outlets wrote. British shoppers are holding back on spending ahead of Black Friday, dealing a further blow to retailers after they missed out on significant support at last month's Budget, City A.M. reported, writing that total retail sales in the UK increased by 1.5 per cent year-on-year, according to the British Retail Consortium (BRC).

Latest: Total UK retail sales increased by 1.5% year on year, although this was above the three-month average growth of 1.2%, according to the BRC and KPMG, as retailers suffered a subdued October with shoppers holding back ahead of Black Friday, the Evening Standard and The Independent reported, City A.M. writing that shoppers holding back on spending deals a further blow to retailers after they missed out on significant support at last month's Budget.

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