United Kingdom: Retail sales contract in October
Latest reading: Retail sales declined 1.1% on a seasonally adjusted month-on-month basis in October, following a 0.7% increase in the previous month and contrasting market expectations for a flat reading. Lower supermarket and clothing sales weighed on overall retail sales in October—the latter likely linked to consumers pausing purchases ahead of Black Friday sales.
On a year-on-year basis, retail sales increased 0.2% in October, following a 1.0% rise in the prior month.