British retail sales slump on mild weather

22nd January 2016, Comments 0 comments

Britain's retail sales sank in December by the biggest amount in more than a year as unseasonally mild weather conditions hit clothing demand over Christmas, official data showed Friday.

Sales by volume dropped 1.0 percent last month compared with November, the Office for National Statistics said in a statement.

That was the largest drop since September 2014 and was worse than market expectations for a 0.3-percent decline.

"Most worryingly, this fall took place during the crucial Christmas season," said Helal Miah, investment research analyst at The Share Centre.

"It seems that the unusually warm weather disrupted consumers shopping habits and discounting hurt the retailers' revenues."

Retail sales had jumped by 1.3 percent in November, helped by buying on 'Black Friday' when items are heavily discounted in the run-up to Christmas.

© 2016 AFP

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