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    Home > Finance > UK retail sales fall by 0.3% in December
    Finance

    UK retail sales fall by 0.3% in December

    Published by Global Banking & Finance Review®

    Posted on January 17, 2025

    2 min read

    Last updated: January 27, 2026

    This image illustrates the unexpected decline in UK retail sales for December 2023, highlighting the economic pressures faced by consumers and businesses, as discussed in the article.
    Graph showing decline in UK retail sales for December 2023 - Global Banking & Finance Review
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    Quick Summary

    UK retail sales unexpectedly dropped by 0.3% in December, with food sales at their lowest since 2013, affecting sterling and economic forecasts.

    UK Retail Sales Drop 0.3% in December, Defying Expectations

    By Andy Bruce and Suban Abdulla

    LONDON (Reuters) -British retail sales fell unexpectedly in December, according to official data on Friday that added to a run of downbeat economic indicators that are likely to further boost expectations for a Bank of England interest rate cut next month.

    Retail sales, adjusted for the inclusion of the Black Friday sales at the start of the month, fell by 0.3% in month-on-month terms in December after a downwardly revised 0.1% expansion in November, the Office for National Statistics said.

    Economists polled by Reuters had forecast a monthly increase of 0.4% in sales volumes from November.

    "This was driven by a very poor month for food sales, which sank to their lowest level since 2013, with supermarkets particularly affected," ONS senior statistician Hannah Finselbach said.

    Sterling fell by around a quarter of a cent against the U.S. dollar after the data, tipping below $1.22.

    Retail sales for the fourth quarter as a whole fell by 0.8%, something the ONS said was likely to drag on economic growth in the fourth quarter by around 0.04 percentage points.

    (Reporting by Suban Abdulla and Andy Bruce; editing by William James)

    Key Takeaways

    • •UK retail sales fell by 0.3% in December.
    • •Economists had predicted a 0.4% increase in sales.
    • •Food sales hit their lowest level since 2013.
    • •Sterling dropped below $1.22 after the report.
    • •The decline may impact the Bank of England's rate decision.

    Frequently Asked Questions about UK retail sales fall by 0.3% in December

    1What is the main topic?

    The main topic is the unexpected decline in UK retail sales by 0.3% in December and its implications for the economy.

    2How did the sales figures compare to expectations?

    Economists had forecasted a 0.4% increase, but sales fell by 0.3%, contrary to expectations.

    3What impact did the sales data have on the currency?

    Following the sales data release, sterling fell by around a quarter of a cent against the U.S. dollar.

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