UK Retail Sales Slump: December Sees 0.3% Decline in Latest Economic Blow
2025-01-17
Evening Standard
The UK high street has faced a disappointing Christmas period, with retail sales experiencing a 0.3% decline in December, according to the latest official figures from the Office for National Statistics (ONS). This downturn is largely attributed to a decrease in food sale volumes, marking a significant setback for the economy. The retail sector is a key indicator of economic health, and this decline may have implications for future growth. With consumer spending habits shifting, retailers must adapt to changing demand and online shopping trends to remain competitive in the market, amidst the current economic uncertainty and recession fears.