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.