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UK retail sales log 2nd straight monthly decline in November


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UK retail sales log 2nd straight monthly decline in November

Retail sales volume in the U.K. logged a second consecutive monthly decline in November, as sales in all the broader sectors dropped in the month, data from the Office for National Statistics showed.

Sales fell 0.6% month over month in November, following a 0.1% dip in October. The consensus estimate of economists polled by Econoday was for sales volume to expand 0.5%.

Month-over-month sales at food stores and the non-store retailing segment slid 0.2% each. Meanwhile, fuel sales and sales at non-food stores ticked down 0.1% each.

In value terms, retail sales contracted 0.5% in November.

On an annual basis, retail sales volume posted the slowest growth since April 2018 at 1.0%, trailing market estimates of 2.3%, while the sales value grew 1.3%. The yearly increase was primarily driven by sales at non-store retailing outlets, ONS said.

Online sales increased 2.6% on a yearly basis but fell 2.6% on a monthly basis.