(Alliance News) - UK retail sales are estimated to have fallen in December, according to the latest data released by the Office for National Statistics on Friday.
Retail sales volumes are estimated to have fallen by 1.0% in December from November. Retail sales fell by 0.5% in November from October, revised from a monthly decline of 0.4%.
Markets had expected retail sales volumes to rise by 0.5% monthly in December, according to FXStreet.
Against the year prior, retail sales fell by 5.8% in December. In November, retail sales had fallen by 5.9% against the previous year.
The ONS said December's sales volumes were 1.7% below their pre-pandemic level in February 2020.
Excluding fuel, retail sales fell 1.1% month-on-month in December. Against the previous year, retail sales excluding fuel fell by 6.1%.
By Heather Rydings, Alliance News senior economics reporter
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