• UK retail sales declined more than expected in December

Market news

20 January 2017

UK retail sales declined more than expected in December

Estimates of the quantity bought in retail sales increased by 4.3% compared with December 2015 and fell by 1.9% compared with November 2016.

The largest contribution to the month-on-month fall came from non-food stores.

The underlying trend remains one of growth with the 3 month on 3 month movement in the quantity bought increasing by 1.2%.

Average store prices increased by 0.9% on the year and for all retailing excluding fuel prices increased by 0.1%; the first increase since June 2014.

Online sales (excluding automotive fuel) increased year-on-year by 21.3%, but fell on the month by 5.3%; accounting for approximately 15% of all retail spending.

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