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UK retail sales fall by much more than expected in August

Friday, September 16, 2022
UK retail sales fall by much more than expected in August © Reuters. FILE PHOTO: A man carries a Union Jack themed shopping bag as he walks along an empty shopping street in Blackpool, Britain, March 9, 2021. REUTERS/Phil Noble/File Photo

LONDON (Reuters) -British retail sales fell last month by much more than expected, with a broad-based decline across all of the main retail sectors contributing to the biggest decline in volumes since December 2021, official data showed on Friday.

Retail sales volumes plunged by 1.6% in monthly terms in August, the Office for National Statistics said - worse than all forecasts in a Reuters poll of economists that had pointed to a 0.5% fall.

"All main sectors - food stores, non-food stores, non-store retailing and fuel - fell over the month," the ONS said.

"This last happened in July 2021, when all legal restrictions on hospitality were lifted."

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01-05-2024 10:45:17 (UTC+7)

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EUR/USD

1.0658

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 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
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 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
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 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
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 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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