UK retail sales rose 0.3% in September 2024, with a 3.9% year-on-year increase, driven by tech sales from Apple's iPhone 16 launch.
UK retail sales rose 0.3% in September 2024, marking the third consecutive monthly increase and exceeding expectations of a decline. This growth was largely fueled by a surge in technology and telecommunications sales, driven by the launch of Apple's iPhone 16. Year-on-year, sales volumes increased by 3.9%, the highest since February 2022. However, food store sales dropped 1.9% due to adverse weather and reduced spending on luxury items.
October 18, 2024
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