UK retail sales ‘poor’ in September
Retail sales volumes decreased in the year to September at a rate of -29%, and the decline is expected to continue in the upcoming month, according to the latest figures from the Confederation of British Industry (CBI).
Overall retail sales slightly improved and were judged to be “poor” to a lesser extent, at -13% compared to -19% in August.
Online retail sales volumes fell at a strong rate in the year to September, -24%, but are expected to reduce at a slower pace in October.
Martin Sartorius, principal economist at the CBI, said: “September marked the twelfth straight month of falling retail sales, underlining the tough conditions facing the sector. Weak demand continues to weigh on sales, while US tariffs are adding pressure for some retailers.”
Wholesale sales volumes dropped faster in the year to September at -30% compared to -25% in the month prior.
Subscribe to Grocery Gazette for free
Sign up here to get the latest grocery and food news each morning
The CBI cautioned the upcoming Autumn Budget will have a significant role to play in improving confidence among businesses and consumers.
Sartorius added: “As we approach the Autumn Budget, retailers and other distribution firms will want the Chancellor to deliver certainty and restore confidence to businesses and consumers alike.
“The employer NICs and National Living Wage increases announced at last year’s Autumn Budget continue to hit the sector hard, with the broader business tax burden now at a 25-year high. The Chancellor must prevent burdening business further by ensuring the Employment Rights Bill avoids unintended consequences that would negatively impact investment and growth.”





1 Comment. Leave new
You might want to check the CBI methodology. Volumes are not down 29%.
The results are presented as a “weighted balance”. This means that the final figure shows the percentage of respondents reporting an increase minus the percentage reporting a decrease.