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MNI BRIEF: UK Oct Retail Sales Break Losing Streak, Small Gain

(MNI) London

UK retail sales rose by 0.8% in October, breaking a record-long five-month losing streak, exceeding expectations of a 0.5% gain. Non-food sales rose by 4.2%, lifted by a 6.2% jump in clothing sales, while supermarket sales declined by 0.3%. Fuel sales plunged by 6.2%, as September's panic buying abated.

Internet sales declined by 0.6% in October, pushing the proportion of all sales down to 27.3%, the lowest since March of 2020. Despite the weak run of retail activity, sales remain 5.8% above pre-pandemic levels.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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