TeleTrade - Analytics

    TeleTrade

    726.50 6.50/10
    57% of positive reviews
    Real

    22.01.2016 10:14 UK retail sales drop 1.0% in December

    The Office for National Statistics released its retail sales data for the U.K. on Friday. Retail sales in the U.K. dropped 1.0% in December, missing expectations for a 0.3% decline, after a 1.3% rise in November. November's figure was revised down from a 1.7% increase.

     

    The decline was driven by lower demand for clothing due to warm weather. Sales of clothing and footwear slid 6.3% in December.

     

    On a yearly basis, retail sales in the U.K. jumped 2.6% in December, missing forecasts of 4.3% increase, after a 4.5% rise in November. November's figure was revised down from a 5.0% gain.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree