Retail sales in the United Kingdom grew less than expected in December. Furthermore, the forecast now for January is also expected to be weak, according to a survey by the business lobby group, the CBI.
Hopes for sales next month are at their lowest since May 2012.
The CBI stated that 2015 was a difficult year for the retail industry.
A survey of 118 firms showed the volume of retail sales picked up in December, and was slightly above the average for the time of year, but was still below retailers’ expectations. Post Black Friday, internet sales volumes rose at their quickest pace since April, with the rate of growth expected to remain steady in January 16.
Among the sectors, food outlets reported good sales, as did clothing shops, but footwear and leather sales growth fell.
Source: BBC Business News
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