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UK retail sales struggle as cost of living takes hold

UK retail sales struggle as cost of living takes hold


Updated October 20, 2023 at 8:15 a.m. ET

UK retail sales fell more sharply than expected in September amid an increasingly gloomy backdrop for consumer spending.

Volumes fell 0.9% in September, data from the National Statistics Office showed on Friday, faster than the 0.4% expected by economists in a poll carried out by the Wall Street Journal.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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