Sales figures fuel spending fears

Dec 20 2012

Fears that consumers are reining in their spending ahead of Christmas have been fuelled after it emerged that sales volumes failed to rebound last month.

A predicted return to growth did not materialise, with official figures from the Office for National Statistics (ONS) revealing flat sales volumes between October and November.

It comes after a much worse than expected drop in October when retail sales volumes fell 0.8% month-on-month.