UK Retail Sales Rose on Month in December But Missed Expectations
January 22 2021 - 2:48AM
Dow Jones News
By Maria Martinez
Retail sales in the U.K. posted a modest increase in December
due to the increase of sales before the Christmas period.
The volume of retail sales in the U.K. rose 0.3% in December
from the previous month, data from the Office for National
Statistics showed Friday. The increase missed expectations of
economists polled by The Wall Street Journal, who predicted sales
to increase by 1.5%.
During December, there was initially a period of eased
restrictions early in the month, followed by tighter restrictions
on nonessential retail in England, Scotland and Wales later in the
month.
The overall level of sales in December was 2.7% above February's
prepandemic levels and up 2.9% compared with the same month a year
earlier.
Clothing stores reported strong monthly growth of 21.5%,
rebounding from a large fall in November when they were closed
because of coronavirus restrictions.
Food stores reported a monthly fall of 3.4% in December, partly
attributed to a fall back from the 2.8% growth in November. In
November, supermarkets benefited from the closure of the
hospitality industries and other nonessential retail sectors in
some parts of the country.
Total online retailing values increased by 46.1% in 2020 when
compared with 2019, marking the highest annual growth reported
since 2008, the statistics office said.
The reporting period for December data covers Nov. 29 to Jan. 2,
following a period in November when there were more widespread and
extensive restrictions to nonessential retail.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
January 22, 2021 02:33 ET (07:33 GMT)
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