September growth trails the twelve-month average
UK retail sales increased 1.3 per cent from a year earlier in September, according to the British Retail Consortium, the UK retail trade association, and KPMG. Growth was below the latest twelve-month average of 1.5 per cent and last September’s 2.3 per cent increase.[1], [2]
The monitor covers the five weeks from August 30 to October 3. It tracks the value of purchases at current prices. Price effects are not removed, so the increase cannot be read as an equivalent rise in the quantity of goods sold.[1]
