{"id":121100,"date":"2025-11-21T15:25:23","date_gmt":"2025-11-21T11:25:23","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=121100"},"modified":"2025-11-21T15:25:27","modified_gmt":"2025-11-21T11:25:27","slug":"uk-retail-sales-slump-in-october-undershooting-forecasts-and-denting-growth-hopes","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/uk-retail-sales-slump-in-october-undershooting-forecasts-and-denting-growth-hopes\/11\/21\/market-updates\/","title":{"rendered":"UK retail sales slump in October, undershooting forecasts and denting growth hopes"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>UK retail sales fell <strong>1.1% m\/m in October<\/strong> after a <strong>+0.7%<\/strong> gain in September (revised from +0.5%), the ONS said Friday, badly missing the market call for <strong>0.0%<\/strong>. Ex-fuel <strong>core sales dropped 1.0% m\/m<\/strong> (consensus <strong>-0.2%<\/strong>) following a revised <strong>+0.7%<\/strong> in September.<\/p>\n\n\n\n<p>On an annual basis, headline sales growth slowed to <strong>+0.2% y\/y<\/strong> (prior <strong>+1.0%<\/strong>, revised from +1.5%) versus expectations of <strong>+1.5%<\/strong>. Core sales rose <strong>+1.2% y\/y<\/strong>, down from <strong>+1.7%<\/strong> (revised from +2.3%) and below the <strong>+2.5%<\/strong> consensus.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why it matters<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Consumer softness:<\/strong> The broad miss across headline and core suggests discretionary demand remains fragile heading into Q4 amid higher living costs and uncertainty around November\u2019s Budget.<\/li>\n\n\n\n<li><strong>BoE implications:<\/strong> With activity cooling and CPI easing, the print nudges the <strong>Bank of England<\/strong> closer to a <strong>December rate cut<\/strong> case\u2014though policymakers will weigh this against still-elevated core inflation and wage dynamics.<\/li>\n\n\n\n<li><strong>Market takeaways:<\/strong> Typically <strong>GBP<\/strong> and <strong>gilts yields<\/strong> bias lower on growth disappointments; UK retail-exposed equities may underperform relative to defensives.<\/li>\n<\/ul>\n\n\n\n<p><strong>Bottom line:<\/strong> A broad-based October setback leaves UK consumption on a weaker footing, keeping the growth outlook subdued and policy risks skewed toward near-term easing if incoming labor and inflation data don\u2019t re-accelerate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK retail sales fell 1.1% m\/m in October after a +0.7% gain in September (revised from +0.5%), the ONS said Friday, badly missing the market call for 0.0%. Ex-fuel core sales dropped 1.0% m\/m (consensus -0.2%) following a revised +0.7% in September. On an annual basis, headline sales growth slowed to +0.2% y\/y (prior +1.0%, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33011,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,37,36],"tags":[7202,10286,9848],"class_list":["post-121100","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-forex-markets","category-market-updates","tag-bank-of-england","tag-pill","tag-pmis"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121100"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121100\/revisions"}],"predecessor-version":[{"id":121101,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121100\/revisions\/121101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33011"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}