UK consumers cautiously shop more after pre-budget slump

LONDON (Reuters) -British retail sales rose by a weaker-than-expected 0.2% in November, according to figures from the Office for National Statistics which added to signs of slow momentum in the economy.

A Reuters poll of economists had forecast a monthly increase of 0.5% in sales volumes from October.

The monthly rise in sales was the first since August but over the three months to November, volumes were up by only 0.3%, the weakest performance since the three months to June, the ONS said on Friday.

Sterling was little changed against the U.S. dollar immediately after the data.

This post is originally published on INVESTING.

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