DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

UK Retail Sales Make Weak Recovery In December

By Steve Wynne-Jones
Share this article
UK Retail Sales Make Weak Recovery In December

British retail sales bounced back weakly in December as shops in England emerged from November's four-week lockdown to slow the spread of COVID-19, while public borrowing this financial year hit a fresh record high.

Retail sales volumes rose 0.3% in December versus economist expectations in a Reuters poll for a 1.2% increase, leaving them 2.9% higher than a year earlier, official figures showed on Friday.

Public sector borrowing for December came in at £34.1 billion, slightly above economists' forecasts of £32.1 billion, taking borrowing since the start of the financial year in April to £270.8 billion.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.