UK retail sales fall less than expected in October

British retail sales fell less than expected in October and retailers are expecting a slowing in the pace of decline next month, a survey indicated on Tuesday.

The Confederation of British Industry's distributive trades survey balance stayed unchanged at -27 in October. Analysts had predicted a deterioration to -35.

The balance had fallen to -46 in August, its lowest reading since the series began in 1983.

Survey respondents expected a small improvement in November, with the expectations balance at -25.

"Retailers have had another tough month and, while there are some winners, the majority are suffering. The sector looks set to endure a very challenging run-up to Christmas," said Andy Clarke, chairman of the CBI's survey panel.

Footwear and leather did well, as did DIY.