UK retail sales fall by much more than expected in August
2022.09.16 02:43
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© 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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