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Home Business & Finance Stock Market

UK retail sales edge up by 0.2% in November By Reuters todayheadline

December 20, 2024
in Stock Market
Reading Time: 1 min read
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© Reuters. FILE PHOTO: People visit the beauty department at the John Lewis retail store on Oxford Street in London, Britain, October 24, 2024. REUTERS/Hollie Adams/File Photo
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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.

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