Financial News: UK Retail Sales Fall Despite Festive Season: CBI

UK Retail Sales Fall Despite Festive Season: CBI

12/20/2024 - 07:29:00 (RTTNews)

(RTTNews) - UK retailers reported a moderate fall in retail sales in December despite festive season, the Distributive Trades Survey from the Confederation of British Industry showed on Friday.

The retail sales balance rose to -15 percent in December from -18 percent in November. The score was forecast to improve more sharply to -10 percent. Sales were down for the third straight month.

A net 11 percent of retailers expect sales to fall again in January and a net 18 percent forecast sales volume to remain below seasonal norms in January.

The internet sales volume also decreased in December. The corresponding balance fell to -8 percent from -12 percent in November. About 6 percent said online sales will growth next month.

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