Retail sales fell by 1% in December, according to official figures, as shoppers cut back on spending.

It follows a fall of 0.5% in November and means that sales remain 1.7% below their pre COVID level.

Non-food stores sales volumes fell by 2.1% over the month, with continued feedback from retailers and other wider evidence that consumers are cutting back on spending because of increased prices and affordability concerns.

Food store sales volumes fell by 0.3% in December 2022 from a rise of 1.0% in November, with comments from some retailers suggesting that customers stocked up early for Christmas.

The proportion of online sales fell to 25.4% in December 2022 from 25.9% in November, with anecdotal evidence that Royal Mail strikes led to consumers shopping in stores more.

LEAVE A REPLY

Please enter your comment!
Please enter your name here