Surprise fall in UK retail sales in November
December 16, 2022
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2:04Now PlayingSurprise fall in UK retail sales in November
YouTube Description
as posted by the channelThere was a surprise fall in retail sales last month as shoppers remained cautious given the squeeze on budgets from inflation in the run-up to Christmas.
The Office for National Statistics (ONS) reported a fall in sales volumes of 0.3% compared to October when the effects of fuel sales were excluded.
Economists had expected to see growth of 0.3%, given reports of healthy interest, and spending, on goods during the key bargain-hunting period of Black Friday.
But there was a negative performance across the board in every major retail category except for food during the month, suggesting shoppers were keen to eat at home rather than venture out to cafes and restaurants.
#skynews #inflation #costofliving
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