UK retail sales rise in November

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The UK retail sales index in November reached 19 points, significantly exceeding the October value of 5 points, the Confederation of British Industrialists reported on the basis of a survey of 104 companies. Experts had predicted less significant growth - up to 10 points. Survey participants noted the recovery of supplier orders after their decline in the previous month. In November, in the retail sector there was a slowdown in employment, which has been declining for 8 consecutive quarters. Growth in average selling prices also slowed down this month, and retailers expect a similar rise in the coming month. Survey participants expect that retail sales in December will continue to grow at the same pace as in November, however, according to their estimates, their business situation will worsen over the next 3 months.

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