Market News
UK consumers cautiously shop more after pre-budget slump - REUTERS
- Retail sales +0.2% in Nov vs Reuters poll +0.5%
- Sales volumes over 3 months weakest since April-June
- Food sales rise, clothing stores hit again
- Data adds to sign of weak growth in broader economy
LONDON, Dec 20 (Reuters) - British retail sales rose by a weaker-than-expected 0.2% in November, according to official data which suggested consumers had overcome their worries about the new government's first budget but added to signs of only slow momentum in the economy.
A Reuters poll of economists had forecast a monthly increase of 0.5% in sales volumes after a drop of 0.7% in October in the run-up to finance minister Rachel Reeves' tax and spending plan.
