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United Kingdom. Retail sales unexpectedly fell

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UK retail sales fell 5.8% in December 2022 from the same period in 2021, the biggest decline since 1997.

This is stated in the message of the Sky News network today, Friday, citing data from the Office for National Statistics (ONS), while the agency said that in the event of the exclusion of motor fuel, the rate of decline in retail sales reaches 6.1%.

UK retail sales are falling for the second month in a row, according to the Office for National Statistics, with sales unexpectedly down 1% in December 2022, about double the 0.5% expected by analysts. .

The data showed that sales recorded in December 2022 were 1.7% lower than in February 2020 before the start of the coronavirus pandemic. It also showed that total retail sales were down 3% between 2021 and 2022.

Source: News

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