UK Retail Sales Slide Again in October in New Blow for Economy

UK Retail Sales Slide Again in October in New Blow for Economy

UK retail sales volumes witnessed a 0.3% decline in October, serving as a fresh warning sign for the country’s economy. The weak figures contribute to the already gloomy economic outlook, characterized by stagnant growth and gradually diminishing price pressures. Retailers attribute the decline in sales to reduced footfall and the increased cost of living. This downturn highlights the challenging period ahead for the UK economy.

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TIS Staff

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