UK retail sales rise more than expected in November
Sales last month - which included Black Friday promotions - were up 1.4% from October, comfortably beating expectations for a 0.3% increase and compared to a 0.4% drop the month before. The ONS highlighted particularly strong growth of 5.3% in household goods stores, which provided the largest contribution to overall growth within non-food stores.
On the year, retail sales were 3.6% higher compared to a 2.4% rise in October and expectations for a 1.9% jump.
"Retailers reported strong growth on the month due to Black Friday promotions in November, which continues the shifting pattern in consumer spending to sales occurring earlier in the year," the ONS said.
However, in the three months to November, retail sales were just 0.4% higher compared to the previous three-month period, marking the weakest growth since April. ■