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UK Retail Sales Beat Expectations as Consumers Boost Spending in September
UK retail sales rose 0.5% in September, exceeding forecasts for a 0.3% gain and marking the fourth consecutive monthly increase. The Office for National Statistics attributed the rise to stronger clothing and e-commerce sales, alongside early holiday-season demand. Energy price relief and real wage growth also supported consumer sentiment. Economists said the rebound shows resilience despite lingering inflation pressures, giving the Bank of England more flexibility as it monitors household spending patterns before its next policy decision.
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UK Retail Sales Beat Expectations as Consumers Boost Spending in September
UK retail sales rose 0.5% in September, exceeding forecasts for a 0.3% gain and marking the fourth consecutive monthly increase. The Office for National Statistics attributed the rise to stronger clothing and e-commerce sales, alongside early holiday-season demand. Energy price relief and real wage growth also supported consumer sentiment. Economists said the rebound shows resilience despite lingering inflation pressures, giving the Bank of England more flexibility as it monitors household spending patterns before its next policy decision.
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UK retail sales climbed 0.5% in September, outperforming forecasts on strong apparel and online demand, signaling resilient consumer activity despite inflation headwinds.
UK retail sales rose 0.5% in September, exceeding forecasts for a 0.3% gain and marking the fourth consecutive monthly increase. The Office for National Statistics attributed the rise to stronger clothing and e-commerce sales, alongside early holiday-season demand. Energy price relief and real wage growth also supported consumer sentiment. Economists said the rebound shows resilience despite lingering inflation pressures, giving the Bank of England more flexibility as it monitors household spending patterns before its next policy decision.
UK retail sales rose 0.5% in September, exceeding forecasts for a 0.3% gain and marking the fourth consecutive monthly increase. The Office for National Statistics attributed the rise to stronger clothing and e-commerce sales, alongside early holiday-season demand. Energy price relief and real wage growth also supported consumer sentiment. Economists said the rebound shows resilience despite lingering inflation pressures, giving the Bank of England more flexibility as it monitors household spending patterns before its next policy decision.
Tags:
UK economy
retail
UK economy
retail
inflation
consumer spending
Bank of England