Economic Buzz: UK Retail Sales Down 3.7% On Month In December

21 Jan 2022 , 02:21 PM

UK retail sales fell 3.7 percent on a monthly basis in December, reversing the 1 percent increase a month ago, data from the Office for National Statistics showed Friday. This was the biggest decline since January 2021. Likewise, sales volume excluding auto fuel, decreased 3.6 percent after rising 0.7 percent in November. Non-food store sales declined sharply by 7.1 percent in December and food-store sales were down 1.0 percent from the previous year. Year-on-year, retail sales decreased 0.9 percent, in contrast to the 4.3 percent increase seen in November.

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