Print

Retail sales better than expected

Wilkinson spokesman said possible cuts were not connected to current squeeze on high street
20 November 2008 10:10am

Official sales figures from the UK high street have continued to defy expectations.

Retail sales declined by 0.1% in October, during a time when consumer confidence was shaken by turmoil in financial markets, the Office for National Statistics (ONS) said.

The decline was much better than expected by economists, who had predicted a fall of 0.5% or more.