LONDON: Britain's retail sales, a key driver of the economy, sank unexpectedly last month as demand fell for clothing and electrical goods, official data showed on Thursday.
Sales slid 0.7 percent in October from the level in September, the Office for National Statistics (ONS) said in a statement.
Market expectations had been for no change, according to analysts polled by Dow Jones Newswires.
Retail sales -- which are an important indicator of consumer confidence -- rose by 1.8 percent in October compared with the same month of last year.
Comments
Comments are closed.