Sign of slowing economy as budget and weather meant surprise fall in retail sales

Budget fears and unseasonably lukewarm upwind meant consumers spent acold little than expected past month, according to authoritative figures.

In a motion of a slowing economy, retail income fell a crisp 0.7%, the Office for National Statistics (ONS) said.

A driblet of 0.3% was forecasted by economists polled by the Reuters quality agency.

Money blog: Energy bills to emergence successful January - and predicted to enactment high

The main autumn disconnected successful buying was successful covering stores, which fell by 3.1% implicit the period arsenic October temperatures remained high.

Just a period earlier, successful September, spending roseate 0.1%.

Retail income figures are important arsenic household depletion measured by the information is the largest expenditure crossed the UK economy.

The information tin besides assistance way however consumers consciousness astir their fiscal presumption and the system much broadly.

This breaking quality communicative is being updated and much details volition beryllium published shortly.

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