RTTNews reports that data published by the British Retail Consortium and KPMG showed that UK retail sales growth eased sharply in September as fuel shortages and wetter weather weighed on consumer confidence.
Retail sales grew only 0.6 percent on a yearly basis after rising 3 percent in August. At the same time, like-for-like sales fell 0.6 percent annually.
An uncertain backdrop and slower growth means the fourth quarter is looks challenging as the economic recovery is dependent on strong retail sales during the festive season, Helen Dickinson, chief executive at BRC, said.