• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Retail sales in Britain fell by 3.2% m/m in December – the most in three years


January, 19 2024
watermark Economic news

In December, retail sales in the UK decreased by 3.2% compared to the previous month, as reported by the National Statistical Office of the country.  


This figure has become a record low since January 2021, when retail stores faced the negative consequences of the coronavirus pandemic.


Analysts had expected a much more moderate decline of 0.5%. However, the revised data also showed that retail sales increased by 1.4% in November, instead of the officially announced growth of 1.3%.


In December, sales in grocery stores decreased by 3.1%, while sales of goods in non-grocery stores fell by 3.9%. Sales of motor fuel also decreased by 1.9%.


Compared to the same period of the previous year, retail sales in the UK decreased by 2.4%, which exceeded expectations of a decrease of 1.1%. In November, according to the revised data, retail sales increased by 0.2%, and not by 0.1%, as previously reported. 


Excluding sales of motor fuel, retail sales decreased by 3.3% in December compared to the previous month and by 2.1% compared to December last year. 


In general, in 2023, the volume of retail sales in the country decreased by 2.8%, reaching the lowest level since 2018.


Top Top