UK retail sales decline exceeded forecasts


The volume of retail sales in the UK fell by 0.9% in December compared to the previous month, the Office for National Statistics (ONS) of the country reports. Over the year, sales increased by 3%. Analysts had expected a monthly decline of 0.8% and annual growth of 3.6%. Trade Economics reports that the decline in sales in December was the highest since 2017. Retail sales fell by 1.3% and increased by 2.6% over the year. Automobile fuel sales grew by 2.6%, food - by 0.2%. Sales of household goods fell by 2.3%. The data on the sales volume for November were also revised: the growth was 1.3% versus 1.4%, as was previously supposed. In the last quarter of the year, sales of goods fell by 0.2% after rising 1.4% in the third quarter. Last year, sales grew by 2.7% and exceeded the figure for 2017 by 2%. The peak value was in 2016, when British citizens voted to leave the European Union. Retail sales in the country generate 6% of revenue in UK GDP.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong