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| UK retail sales fall in September on weak clothes demand | UK retail sales fall in September on weak clothes demand |
| (35 minutes later) | |
| UK retail sales fell in September, adding to signs that the economic recovery may be losing steam. | UK retail sales fell in September, adding to signs that the economic recovery may be losing steam. |
| The Office for National Statistics said sales volumes fell 0.3% on the month, more than expected and the weakest figure since January. | |
| Mild weather in September put shoppers off buying winter clothes, but sales were weaker in other sectors too. | Mild weather in September put shoppers off buying winter clothes, but sales were weaker in other sectors too. |
| Slow wage growth, falling house prices, and global economic worries have raised concerns about the UK recovery. | |
| Last week, the Chancellor, George Osborne, warned that the UK will not escape a slowdown in the eurozone economy. | |
| Year on year, retail sales are up by 2.7%. | |
| Many economists had predicted September's retail sales to fall 0.1% month-on-month, with a gain of 2.8% for the year. | |
| The ONS said clothing and footwear sales fell by 7.8% in September from August, their biggest monthly fall since April 2012. | |
| Prices in stores fell by 1.4% in September compared with a year earlier, their steepest decline in more than five years. | |
| Consumer spending has helped drive the UK's economic recovery, but news on Thursday from retailers Debenhams and Tesco and estate agents Foxtons have underlined the slowdown. | |
| A British Retail Consortium report last week showed that High Street spending suffered its biggest annual drop in nearly two-and-a-half years in September. | |
| The retail sector accounts for nearly 6% of the UK economy. |