British retail sales post weak December growth

22.01.2021 - Davydova Maria
British retail sales post weak December growth

Britain’s retail sales data released on Friday showed weak growth in December as British retail outlets and shops resumed business operations coming off a four-week lockdown in November to help curb coronavirus spread. Meanwhile, public borrowing this financial year soared, hitting a new record high.

Retail sales volumes posted a 0.3% increase in December, missing Reuters economists’ predicted output of 1.2%. However, the official figures showed that December 2020’s record was 2.9% higher than the previous year.

Public sector borrowing for the same month hit 34.1 billion pounds ($46.65 billion), beating economists’ estimate f 32.1 billion pounds, taking borrowing since the start of the financial year in April to 270.8 billion pounds.

Meanwhile, Prime Minister Boris Johnson’s camp warned it’s too early to ease lockdowns, even as the inoculation program continued to expand to reach 5 million people.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?