empty
 
 

2020.11.2006:29:00UTC+00UK Retail Sales Growth Tops Expectations

UK retail sales logged a stronger-than-expected growth in October suggesting that consumers started Christmas shopping earlier this year, further helped by early discounting from a range of stores, data released by the Office for National Statistics showed Friday.

Retail sales grew 1.2 percent on month in October, following a 1.4 percent rise logged in September. Economists had forecast a marginal 0.1 percent increase. This was the sixth consecutive rise in sales volume.

Excluding auto fuel, retail sales growth came in at 1.3 percent versus a 1.5 percent gain a month ago. The volume was expected to edge up 0.1 percent in October. Predominantly food store sales advanced 3.1 percent and non-food store sales gained 1.9 percent.

Sales volume including auto fuel grew at a pace of 5.8 percent annually, faster than September's 4.6 percent increase and economists' forecast of 4.2 percent.

Excluding auto fuel, annual growth in retail sales volume improved to 7.8 percent from 6.4 percent a month ago. Economists were expecting a 5.9 percent rise for October.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback