{"id":2583,"date":"2025-01-17T12:49:02","date_gmt":"2025-01-17T12:49:02","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/?p=2583"},"modified":"2025-01-17T12:49:03","modified_gmt":"2025-01-17T12:49:03","slug":"uk-retail-sales-december-2024","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/news\/uk-retail-sales-december-2024\/","title":{"rendered":"UK Retail Sales Fall 0.3% in December 2024"},"content":{"rendered":"\n<p>UK Retail Sales unexpectedly declined by 0.3% month-over-month in December 2024, reversing a modest 0.1% rise in November. This decline came despite forecasts predicting a 0.4% increase. The drop was largely driven by a 1.9% fall in food store sales, particularly in supermarkets, though non-food retailers saw some recovery.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"482\" data-id=\"2587\" src=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/01\/1-26-1024x482-1.webp\" alt=\"\" class=\"wp-image-2587\" srcset=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/01\/1-26-1024x482-1.webp 1024w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/01\/1-26-1024x482-1-300x141.webp 300w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/01\/1-26-1024x482-1-768x362.webp 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-clothing-and-christmas-shopping-support-non-food-sales\"><strong>Clothing and Christmas Shopping Support Non-Food Sales<\/strong><\/h2>\n\n\n\n<p>While food sales struggled in UK Retail Sales, non-food stores saw a 1.1% increase, with clothing retailers leading the way at 4.4%, rebounding from previous declines. Department stores and household goods stores also performed well, benefiting from strong Christmas shopping activity. These gains helped offset some of the losses in food retail.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-retail-sales-show-mixed-annual-trends\"><strong>Retail Sales Show Mixed Annual Trends<\/strong><\/h3>\n\n\n\n<p>On a year-over-year basis, retail sales grew by 3.6%, suggesting overall resilience in consumer spending despite the monthly dip. However, when excluding fuel, sales dropped 0.6% on the month but still posted a 2.9% annual increase. This indicates that while certain categories struggled in December, broader consumer demand remained steady over the year.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Read More: <a href=\"https:\/\/otetmarkets.com\/blog\/news\/uk-consumer-confidence-index-drops\/\">UK Consumer Confidence Index Drops<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2024-retail-performance-shows-signs-of-recovery\"><strong>2024 Retail Performance Shows Signs of Recovery<\/strong><\/h3>\n\n\n\n<p>Looking at the bigger picture, retail sales fell 0.8% in Q4 compared to Q3 but rose 1.9% from the same period in 2023. For the full year, retail sales volumes grew by 0.7%, marking a recovery from the 2.9% decline in 2023 and the 4.1% drop in 2022. While December\u2019s decline raises concerns, the overall trend points to a slow but steady improvement in the retail sector.<\/p>\n\n\n\n<p><a href=\"https:\/\/tradingeconomics.com\/united-kingdom\/retail-sales\" target=\"_blank\" rel=\"noopener\">Source<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK Retail Sales unexpectedly declined by 0.3% month-over-month in December 2024, reversing a modest 0.1% rise in November. This decline came despite forecasts predicting a 0.4% increase. The drop was largely driven by a 1.9% fall in food store sales, particularly in supermarkets, though non-food retailers saw some recovery. Clothing and Christmas Shopping Support Non-Food [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,2],"tags":[37],"class_list":["post-2583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-economy-news","category-news","tag-financialnews"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=2583"}],"version-history":[{"count":7,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2583\/revisions"}],"predecessor-version":[{"id":2602,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2583\/revisions\/2602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/2588"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=2583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=2583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=2583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}