{"id":4395,"date":"2018-11-15T10:26:55","date_gmt":"2018-11-15T10:26:55","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/uk-retail-sales-hit-by-mild-autumn\/"},"modified":"2018-11-15T10:26:55","modified_gmt":"2018-11-15T10:26:55","slug":"uk-retail-sales-hit-by-mild-autumn","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/uk-retail-sales-hit-by-mild-autumn\/","title":{"rendered":"UK retail sales hit by mild autumn"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Arndale centre\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/8A42\/production\/_104349353_gettyimages-976863628.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Retail sales fell by a worse-than-expected 0.5% in October, after a mild autumn hit sales of winter clothes.<\/p>\n<p>Sales at household goods stores fell 3% following a particularly strong August and September, <a href=\"https:\/\/www.ons.gov.uk\/businessindustryandtrade\/retailindustry\/bulletins\/retailsales\/october2018\" class=\"story-body__link-external\">the Office for National Statistics (ONS) said.<\/a><\/p>\n<p>For the three months to October, retail sales rose 0.4% &#8211; a considerable slowdown from the 2.3% increase recorded for the three months to July.<\/p>\n<p>Analysts said October&#8217;s fall suggested shoppers were cutting back spending.<\/p>\n<p>Samuel Tombs at Pantheon Macroeconomics said the drop was the &#8220;first real sign that consumers are tightening their purse strings due to uncertainty about Brexit&#8221;. <\/p>\n<p>Non-food sales fell 1.3%, with a 1% decline fall in clothing sales, which he said could not be blamed on the weather.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46205804\" class=\"story-body__link\">UK inflation holds steady at 2.4% <\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46193571\" class=\"story-body__link\">Wages show fastest rise in almost a decade<\/a><\/li>\n<\/ul>\n<p>&#8220;Consumers&#8217; confidence already has weakened in recent months due to concerns about the economic outlook and we doubt households are feeling any surer that a no-deal Brexit will be avoided after this week&#8217;s political turbulence,&#8221; Mr Tombs said.<\/p>\n<p>&#8220;Unless the government miraculously manages to force the current withdrawal agreement through parliament soon, growth in consumers&#8217; spending will weaken markedly in the fourth quarter.&#8221;<\/p>\n<p>Thomas Pugh at Capital Economics said some of October&#8217;s weakness may reflect consumers delaying spending ahead of &#8220;Black Friday&#8221; discounts this month.<\/p>\n<p>&#8220;High oil prices also weighed on the volume of fuel sold. As such, we suspect that there could be a rebound in sales volumes in November as oil prices have fallen sharply and if Black Friday sales pick up,&#8221; he added.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46219340\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Retail sales fell by a worse-than-expected 0.5% in October, after a mild autumn hit sales of winter clothes. Sales at household goods stores fell 3% following a particularly strong August and September, the Office for National Statistics (ONS) said. For the three months to October, retail sales rose 0.4% &#8211; a &hellip; <\/p>\n","protected":false},"author":0,"featured_media":4396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4395"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/4396"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}