In November, UK retail sales came in at -0.6% mom, 1.0% yoy, well below expectation of 0.5% mom, 2.4% yoy. Retail sales ex-fuel came in at -0.6% mom, 0.8% yoy, also well below expectation of 0.3% mom, 1.6% yoy. Total retail sales for the three months to November dropped -0.4% over the previous three months.
All sectors contributed negatively to the month-on-month figures. With fuel contributed -0.1%, non-store retailing -0.2%, non-food stores -0.1%, food stores -0.2%.
