U.K. Retail Sales Post Unexpected Drop in September

Retail sales in Britain unexpectedly fell for a second month, suggesting that consumers started tightening their belts ahead of the government’s austerity measures. Retail sales volumes were down 0.2% in September, and August’s fall was revised lower to 0.7% from 0.5%, according to U.K.’s Office for National Statistics. City economists had expected last month’s sales to rise by 0.4%. – The Guardian

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