Retail sales see ‘sluggish’ growth
UK retail sales slowed in December as weak consumer confidence continued to hold back spending in the festive period, according to the latest BRC-KPMG retail sales monitor.
Total UK Retail sales increased 3.6%, while food sales grew 8.1% and non-food sales declined 0.1% as compared with 2022. In December, total UK retail sales increased 1.7%, against a rise of 6.9% in December 2022. This was below the three-month average growth of 2.3% and below the 12-month average of 3.6%.
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