Britain: The Weather Is Very Mild, Affecting The Sales Of Shoes And Clothing.

Data released on Friday (January 22nd) by the National Bureau of Statistics (ONS) showed that although the Christmas sales season was in season in December, the annual retail sales in the 12 quarter rose to a minimum in six years, indicating a slowdown in the consumption driven UK economy.

According to specific data, the annual retail sales of the 12 quarter rose 2.6% in the UK, the lowest in six years, and lower than the expected value of 4.4%. The former value was revised up to 4.5% from the rise of 5%, and the retail sales month rate decreased 1% after the 12 quarter adjustment. The decline was higher than the expected value 0.3%, and the former value increased from 1.7% to 1.3%.

According to statistics, the total retail sales in 2015 in the UK increased by only 1% compared with 2014. In 2015, the retail sales in the United Kingdom decreased by 1% in 2014 compared with that in 2014, the first decline since 2009. The British Retail Association said that the retail data in 2015 in Britain were "very disappointed" in 2015.

According to analysis, the main reason for the sluggish retail sales in the UK in 2015 is mainly because of the greater intensity of discounts, while the abnormal weather affects the sales of clothing and footwear.

According to the data, the monthly sales rate of the core retail sales in the 12 quarter of the United Kingdom decreased by 0.9%, and the decline was significantly higher than the expected value of 0.3%. The former value was revised up by 1.3% from the increase of 1.7%, and the annual sales rate of the core retail sales increased by 2.1% after the 12 monthly adjustment. The increase was significantly lower than the expected value of 3.5%, and the former value increased from 3.9% to 3.4%.

Strong economic recovery in Britain over the past few years has been mainly driven by strong growth in consumer demand, and is also supported by low inflation, rising wages and high employment. The retail sales figures in the past few months have been dramatic. This data is mainly influenced by public holidays in the late summer and the time of promotion during the black Friday of this year.

Britain's December retail sales figures are so weak that it may indicate signs of a slowdown in the economy, making the Bank of England's future interest rate increase even more remote.

Carney, the governor of the Bank of England, said in January 19th that "now is not the time to raise interest rates, and the timetable for raising interest rates has not yet been determined".