UK retail sales edged down by 0.1% in November, marking a slight contraction in consumer spending as reported by Reuters. The minor decline comes amid ongoing economic uncertainties and rising inflation pressures that continue to weigh on household budgets. This latest data offers a glimpse into the challenges facing the UK retail sector heading into the crucial holiday period.
UK Retail Sales Experience Slight Decline Amid Economic Uncertainty
Retail figures for November reveal a subtle contraction, with sales dipping 0.1% compared to the previous month. This marginal decline comes amid persistent economic uncertainties driven by inflation concerns, supply chain disruptions, and shifting consumer confidence. Key sectors such as clothing and footwear saw the most notable reductions, reflecting cautious spending behaviors as households grapple with rising living costs.
Despite the overall dip, some categories exhibited resilience, highlighting a mixed retail landscape:
- Food and…
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Author : Ethan Riley
Publish date : 2025-12-19 08:23:00
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