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UK retail sales rise more than expected in November

Retail sales grew at a healthy pace in November, contrary to evidence of muted consumer confidence and strains on retailers in the run-up to Christmas.

Official data released by the Office for National Statistics on Thursday showed the quantity of goods bought from retailers in the three months to November was 0.4% higher than in the previous three months.

Sales volumes had increased by 1.4% month on month, well ahead of the average forecast of 0.3% growth. The month-on-month increase was probably due in part to people deferring purchases from October and doing Christmas shopping early in order to take advantage of Black Friday discounts, said analysts.

Click here for the full FT article (£)

Click here for the full Telegraph article

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