Sales Of Shoes And Clothing In Britain Increased By 0.5% In October

Figures released by the National Bureau of statistics on Thursday (November 20th) showed that retail sales in the UK rebounded strongly in October and were higher than expected in September. This is helped by the accelerated growth of the UK property market earlier this year, which led to a substantial increase in furniture sales in October. British retail sales rebounded strongly in October, according to the Statistics Bureau. The retail sales in the 10 quarter rose 0.8%.

The former value fell by 0.4%, the worst since January of this year. warm So that consumers reduce the amount of winter clothing purchase. October Clothing sales It is still weak because the warm weather continued in October. The bureau also said that the annual retail sales of the 10 quarter rose 4.3%.

Economists have predicted that the monthly retail sales in the 10 quarter of the UK will increase by 0.3%, with an annual rate of 3.8%. In addition, retail sales rose to 0.4% in the three months from October to three in September, compared with 0.2% in the previous month. Since mid 2013, consumer spending has been driving the strong recovery of the UK economy and is likely to continue to be the main engine of growth in the UK, resulting in continued weakness in UK exports as a result of slower growth in the euro area.

Since the financial crisis, British wage growth has been lower than inflation for a long time, while wage growth in October has shown some signs of recovery. In October, the consumer price index was slightly higher than 1%. However, according to the minutes of the meeting of the November meeting of the Bank of England released on Wednesday, the Bank of England policymakers are worried about whether individual demand can continue to offset the impact of export weakness and the impact of public sector spending cuts. The National Bureau of Statistics said furniture sales were a major driving force for retail sales in the UK in October.

Earlier this year, Britain The volume of mortgage approvals and the strong growth in housing sales, though cooling at the moment, are 6 months behind the purchase of furniture and furniture, which led to a substantial increase in furniture sales in October. In October, sales of clothing and footwear increased by 0.5% in the month, and nearly 6% in September.

Warm weather in October led to weak sales of clothing, but sales of footwear increased. In October, the annual price index of stores decreased by 1.5%, the biggest decline since 2002. The store price index has seen a rare two consecutive month of decline, probably due to the intensification of price wars between supermarkets and the decline in global commodity prices. It is worth mentioning that British retail accounts for nearly 6% of the British economy.