Slump in UK retail sales eases in September, CBI says

LONDON, Sept 25 - British retailers reported a smaller annual fall in sales for September than during the previous month and expect a modest improvement in the months ahead, the Confederation of British Industry said on Monday.

"There are some elements of optimism in our survey with retailers expecting the recent fall in sales to continue to ease," CBI Principal Economist Martin Sartorius said. Consumer price inflation also fell unexpectedly last month, dropping to 6.7% from July's 6.8%, its lowest level in 18 months and prompting the Bank of England to hold off from raising interest rates last week.

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