Friday, January 21, 2011
Retail sales snowed under
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

Retail sales fell by 0.8% between November and December, with food stores down 0.9% and non-food 0.6% weaker. December was supposed to be the month when shoppers bought ahead of the January VAT increase but the coldest December for 100 years - which the Office for National Statistics is blaming for part of the weakness - appears to have put paid to that.

Year-on-year, retail sales volume in December was unchanged on December 2009. Interestingly, the weakness was concentrated in food, down 3.4%, rather than non-food, up 3.1%. Sales value showed a 2% year-on-year rise. Things may become a little clearer in a month or two. More here.