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Surprise fall in retail sales in December, ONS figures show

  • Retail sales in the UK unexpectedly fell by 0.3% in December, contrary to expectations of a 0.4% rise, according to official figures from the Office for National Statistics.
  • Food sales dropped to their lowest level in over 10 years, while clothing shops saw a 4.4% increase in sales, as reported by Hannah Finselbach, senior statistician at the Office for National Statistics.
  • The decline in retail sales raises concerns about the UK economy's health, with economists noting it capped off a disappointing end to 2024 for the retail sector.
  • The figures indicate that retail sales for the fourth quarter fell by 0.8%, potentially contributing to an economic contraction, according to the Office for National Statistics.
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  • 44% of the sources are Center
45% Center
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