British retail sales growth eased noticeably in October after four straight months of firm sales growth during the summer, the latest Distributive Trades Survey from the Confederation of British Industry showed Tuesday.
The retail sales balance fell to +5 percent in October. Nonetheless, retailers expect sales growth to pick-up next month, with the balance at +17 percent.
"It's clear the challenges facing the retail sector are significant," Alpesh Paleja, CBI principal economist, said.
"The double whammy of the sluggish recovery in household incomes and digital disruption is making trading conditions tough, and prompting a deeper structural shift in business models," Paleja added.
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