The textiles, clothing and footwear sectors bucked a fall in October retail sales according to the latest figures from the Office of National Statistics.

Higher borrowing costs pushed October retail sales into a 0.4 per cent decline for the first time since July the statistics office said. This compares with a 1.1 per cent increase in September.

In August to October the estimated value of sales (not seasonally adjusted) of clothing and footwear was 5 per cent higher.

Overall retail sales for the month totalled £19.1 billion, with average weekly sales of £4.8 million. Although a 4.3 per cent increase on last year's figure, this was the lowest annual growth since December 2003.