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UK retail sales unexpectedly fell in November
According to the report from Office for National Statistics, in the three months to November 2019, the quantity bought in retail sales decreased by 0.4% when compared with the previous three months; this is the first decline since April 2018.
The quantity bought in November 2019 fell by 0.6% when compared with the previous month, with only household goods stores reporting growth. Economists had expected a 0.3% increase.
Year-on-year growth in the quantity bought increased by 1.0% in November 2019; this is the lowest growth since April 2018, owing to a decline of 1.1% in non-food stores. Economists had expected a 2.1% increase.
In 2019, the official Black Friday was on 29 November and outside our November reporting period, which covers four weeks from 27 October to 23 November; our seasonally adjusted estimates account for this shift in timing. Online sales as a proportion of all retailing was 18.7% in November 2019, compared with the 19.1% reported in October 2019.
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