U.K. retail sales fell in November, missing expectations for an increase

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U.K. retail sales decreased in November, adding to evidence of weak consumer spending midway through the fourth quarter as high inflation and rising interest rates hit households’ incomes.

Retail sales volumes declined 0.4% in November on month after increasing 0.9% in October, the Office for National Statistics said Friday. Economists polled by The Wall Street Journal expected sales to increase 0.4%.

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