Finance
UK Retail Sales Edge up by 0.2% in November
Published by Global Banking & Finance Review®
Posted on December 20, 2024
1 min readLast updated: January 27, 2026
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Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on December 20, 2024
1 min readLast updated: January 27, 2026
Add as preferred source on GoogleUK retail sales rose 0.2% in November, falling short of the expected 0.5% increase. This marks the first rise since August, with a weak three-month growth of 0.3%.
LONDON (Reuters) -British retail sales rose by a weaker-than-expected 0.2% in November, according to figures from the Office for National Statistics which added to signs of slow momentum in the economy.
A Reuters poll of economists had forecast a monthly increase of 0.5% in sales volumes from October.
The monthly rise in sales was the first since August but over the three months to November, volumes were up by only 0.3%, the weakest performance since the three months to June, the ONS said on Friday.
Sterling was little changed against the U.S. dollar immediately after the data.
(Writing by William Schomberg; Editing by Kate Holton)
The main topic is the increase in UK retail sales by 0.2% in November, which was below expectations, indicating slow economic momentum.
The sales growth is significant as it was the first increase since August, but it was weaker than expected, highlighting slow economic recovery.
The Sterling remained largely unchanged against the U.S. dollar immediately after the release of the sales data.
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