Retail sales over the Christmas period were much less than expected, despite a host of positive updates from major retailers, it was revealed today.
Sales volumes grew by just 0.3% in December, well below the 1.1% growth expected by City analysts. Year-on-year sales volumes were up 2.1% - the lowest annual growth for a December since 1998.
But retail sales values were up 3.6% year-on-year - the second highest for the month since 2001.
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