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Retail sales in the UK unexpectedly fell in November against the previous month, data showed on Friday.
Retail sales volumes are estimated to have fallen by 0.4% in November, after a revised 0.9% rise in October. Market consensus, as cited by FXStreet, had expected a 0.3% increase in November.
Compared with the same period a year earlier, retail sales volumes fell by 5.9% in November. The market had expected a 5.6% fall.
Non-store retailing sales volumes fell by 2.8% against the previous month. The ONS said this continued a downward trend seen since early 2021, as the wider economy reopened and people could return to shopping on the high street. The statistics agency noted that non-store sales still were 18% higher than their February 2020 level, meaning before the Covid-19 pandemic.
By Heather Rydings, Alliance News senior economics reporter
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