UK store sales unexpectedly declined in November. This meant a decline for the fourth consecutive month. The last time the fall continued for such a longer period was in 1996.
The volume of goods sold in British stores fell by 0.6 percent on a monthly basis, the British statistics agency reported. Economists took into account a 0.2 percent increase in sales. Excluding fuel sales, UK stores sold 0.6 percent less.
The unexpected salesman once again confirmed the perception that retailers in the United Kingdom are struggling in the midst of Brexit rest. For example, they were struggling with political uncertainty in the run-up to the elections on 12 December. Furthermore, the continued growth of online shopping by consumer companies in the shopping streets continues to be a problem.