Europe'S Retail Sales In The Three Quarter Are Not Affected At All.

This month, Britain's biggest retailer, Tesco and consumer goods manufacturer Unilever, had a disagreement, because the latter wanted to prevent their profits from falling due to the depreciation of the pound and demanded a 10% increase in the price of their products at Tesco.

Britain's weaker demand after Europe will cause its profit margins to fall, while garment chains ASOS, Next and Marks & Spencer are struggling to boost sales.

In the second quarter, the UK economy grew by 0.7%, but the Bank of England expects the third quarter economic growth to slow to 0.3%, which is much better than most economists' expectations after the EU referendum. And no economist now expects the Bank of England to cut interest rates again in next month's meeting.

9 after the season is adjusted

Sales month rate was flat, the increase was lower than expected 0.3%, the former value decreased from 0.2% to 0%, and the British retail sales rose 9 after the 9 quarter rose, the increase was lower than the expected value 4.7%, the former value increased from 6.2 to 6.6%.

However, in the third quarter, the retail sales quarter rate increased by 1.8%, the fastest growth since the fourth quarter of 2014, and the retail sales quarter rate increased by 1.1% in the two quarter.

In addition, compared to a year ago, retail sales in the three quarter grew by 5.4%, the fastest growth since the fourth quarter of 2014.

Sub item data show September

And retail sales of footwear were the biggest drop; higher prices and the exceptionally warm September weather in Britain were the cause of the decline in retail sales of clothing and footwear.

Clothing prices rose for the largest number of years in September, while the decline in store prices was the smallest in more than two years.

ONS said that since the referendum was removed from Europe in June,

The mood remains stable, and the retail sales department will make a solid contribution to the third quarter of the UK's economic growth.

The third quarter retail sales growth will contribute 0.1 percentage points to GDP growth in the third quarter.

Davies Davies, a ONS statistician, said: "the basic trend of retail sales data shows that British consumer confidence has remained stable since the June referendum in June."

The data also showed that the monthly sales rate of core retail sales rose by 0% after the 9 quarter adjustment, and the increase was lower than the expected value of 0.2%. The former value was revised down from 0.3% to 0.1%. The annual sales rate of core retail sales in the United Kingdom rose 4% after the 9 quarter adjustment, with an increase of 4.4% below the expected value, and the former value increased from 5.9% to up 6.2%.

After the June referendum triggered a plunge of more than 15% pounds, economists worried that this marks the beginning of a longer term trend of rising prices, which will erode consumer demand.