UK retail sales decrease by 1.5% in December

By Jeff Davies
Retail Crowd

The volume of goods bought in the retail industry in the United Kingdom in December fell by 1.5% month on month, the Office for National Statistics reported on Friday. The release noted that British retail sales for three months rose 0.4% compared to the previous quarter, marking the weakest three-month period since the first quarter of 2017.

In December, quantity bought added 1.4% year on year, boosted by contributions from all except food stores. In the whole of 2017, quantity bought in retail rose 1.9%, which is the lowest annual increase since 2013.

Christmas shopping has shifted from mostly being in December to November in non-seasonally adjusted terms since consumers are seemingly making their purchases earlier in line with Black Friday sales.