The British Retail Consortium (BRC) data.
like-for-like sales +2.7% y/y
- vs expected +2.5%, prior +2.7%
BRC data is not adjusted for inflation, so November’s
sales growth represents a fall in the volume of goods purchased.
“The cost-of-living crisis has taken its toll on Christmas
spending for many households, and the continued economic
conditions are testing consumer resilience,” said Paul Martin,
UK head of retail at accountants KPMG
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Separate figures from Barclays:
Consumer
spending payment cards rose by 2.9% y/y in November
- prior 2.6% in October
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Info comes via Reuters reporting.
Like-for-like sales data strips out the impact of changes in store size.
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