UK retail sales declined unexpectedly in November as the rising cost of living and weak consumer sentiment dragged down consumer spending.
Retail sales volume fell 0.4 percent from October, when turnover was up by revised 0.9 percent, data from the Office for National Statistics showed Friday. Sales were expected to gain 0.3 percent.
Sales excluding auto fuel decreased 0.3 percent, in contrast to the 0.7 percent rise in October and economists' forecast of +0.3 percent. On a yearly basis, retail sales including auto fuel logged a fall of 5.9 percent, the same pace of decline as seen in October. This was bigger than the 5.6 percent decrease expected by economists.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.