U.K. Festive-Season Retail Sales Fail to Revive Sluggish 2023, Report Says

Retail sales growth in the UK weakened in December as consumers held back on spending due to high living costs. According to data published, total retail sales for the five weeks to December 30 increased by 1.7% compared with the prior month. This growth was below the three-month average and significantly lower compared to December last year. The slowdown reflects ongoing challenges faced by consumers and highlights their cautious approach to spending.