Retail sales fell 3.2% in December 2023, down from a rise of 1.4% in November 2023.
December’s decrease was the largest monthly fall since January 2021, when coronavirus restrictions affected sales.
Analysts now expect that The UK looks now set for a ‘technical’ recession after the figures were released
“Food stores performed very poorly, with their steepest fall since May 2021 as early Christmas shopping led to slow December sales,” Heather Bovill, deputy director for surveys and economic indicators at the ONS said.
