UK retail sales volumes flat after fall in October
UK retail sales volumes were flat in November, after a sharp fall in October, according to official figures which heighten the chances of a fall in overall gross domestic product in the current quarter, writes Ian McConnell.
UK retail sales volumes were flat in November, after a sharp fall in October, according to official figures which heighten the chances of a fall in overall gross domestic product in the current quarter, writes Ian McConnell.
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Howard Archer, chief UK economist at consultancy IHS Global Insight, said: "Flat retail sales in November [are] a significant blow to hopes that the economy can avoid a renewed dip in the fourth quarter."
The seasonally adjusted sales figures, from the Office for National Statistics (ONS), add to the raft of gloomy indicators about the overall state of the sector as retailers prepare for the final few days of the all-important festive trading period.
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