Latest ONS retail sales figures show that volume growth rose by 1.2% over the month

Monthly growth was driven by textile, clothing and footwear stores. Sales volumes in food stores fell by 0.2%.

A weakening economy in conjunction with stagnant rental growth will result in some further outward yield shifts into next year.

Retail rental growth in the year-to-date is just 0.5%, reflecting weak expansion activity in the expectation of faltering retail spending.

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