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GLOBALink | UK retail sales fall, consumer confidence nears record low

XINHUA

發布於 2022年10月25日05:25 • Zhao Xiuzhi,Huang Zemin

LONDON, Oct. 25 (Xinhua) -- Retail sales have been falling and consumer confidence has hit record low levels in the United Kingdom (UK) due to the country's persistently high inflation rate, fresh surveys showed recently.

Data showed retail sales continued to fall in September after a weak August, and consumers are now buying less than before the pandemic.

The volume of retail sales fell in all the main sectors by 1.4 percent in September.

Continued price pressures have made British consumers to be more conscious about spending.

And also, the market research company GfK has said, its consumer confidence index for the UK in October stood at minus 47.

The biggest danger by far is inflation. Pushed up by rising food prices, UK inflation hit 10.1 percent in September, returning to July's 40-year high.

A survey found that 7.8 million British people are finding it a heavy burden to keep up with their bills.

Produced by Xinhua Global Service

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