UK retail sales slow in November

| December 16, 2010 | 0 Comments
”UK

The Office for National Statistics (ONS) has today reported UK retail sales rose 0.3% in November - albeit slower than the revised 0.7% in October.

However, the figure was in line with expectations and was driven by sales of toys, sporting accessories and jewellery.

Demand for clothing, footwear and households goods remained weak

The ONS highlighted that internet sales accounted for more than 10% of all sales compared with 7.9% a year ago.

There have been concerns that consumer spending will be weak next year - as a result of the Government’s spending cuts and rising unemployment.

However, earlier this week the British Retail Consortium (BRC) revealed some optimism among retailers for the Christmas period.

A report by the BRC found 71% of retailers think the forthcoming VAT hike will bring forward the purchase of big-ticket items, boosting sales in December.

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