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- UK retail sales fall less than forecast in November
UK retail sales fall less than forecast in November
According to the report from Office for National Statistics, in November 2020, retail sales volumes decreased by 3.8% when compared with October as many stores ceased trading following government guidance during the coronavirus (COVID-19) pandemic.
Economists had expected a 4.2% decrease. Despite the monthly fall, overall sales remain above their pre-pandemic levels.
In November 2020, clothing store sales saw a sharp fall in sale volumes when compared with the previous month, at negative 19.0%, as did fuel sales, which decreased by 16.6%.
In November 2020, food stores at 3.1% and household goods stores at 1.6% were the only sectors to show growth in monthly volume of sales.
The year-on-year growth rate in the volume of retail sales increased by 2.4%, with feedback from businesses suggesting that consumers had brought forward Christmas spending.
Online retailing accounted for 31.4% of total retailing compared with 28.6% in October 2020, with an overall growth of 74.7% in the value of sales when compared with November 2019.
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