UK retail sales show signs of stabilizing in December: CBI

An illuminated sale sign is seen on the exterior of the Harrods department store in London, Britain, January 10, 2019. REUTERS/Toby Melville

LONDON (Reuters) - British retail sales showed signs of stabilizing in December after several months of decline, a survey by the Confederation of British Industry showed on Thursday.

The CBI’s monthly gauge of retail sales rose to zero in December from -3 in November, its highest level in eight months but still signaling flat sales overall.

Earlier on Thursday, official data showed British shoppers kept a tight grip on their wallets last month as retail sales grew at their slowest annual pace since April 2018 amid uncertainty about Brexit and December’s election.

Reporting by Andy Bruce; Editing by Alison Williams