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UK retail sales rebound strongly

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Reuters
British retail sales grew much more strongly than expected in October after a heavy fall in September, driven by purchases of furniture after the country's housing market picked up speed earlier this year, official figures showed on Thursday.

Retail sales volumes rose 0.8 per cent on the month after a fall of 0.4 per cent in September, which had been their weakest performance since January as mild weather put shoppers off buying winter clothes, the Office for National Statistics said. Clothing sales remained weak as mild weather continued in October.

Total sales rose 4.3 percent in October compared with the same month last year, the ONS said.
 

Economists had expected a rise of 0.3 percent on the month and a gain of 3.8 percent on the year.


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First Published: Nov 21 2014 | 12:04 AM IST

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