18 Dec 2014
UK Retail Sales rise for 20th consecutive month
FXStreet (Mumbai) - The retail industry data released by the UK Office for National Statistics today showed an year-on-year rise of 6.4% in November. This is the highest year-on-year rise since May 2004, when retail sales grew by 6.9%.
Month-on-month the quantity bought increased by 1.6% in November. Growth was seen all main store types for the first time since December 2013. Meanwhile, Average store prices fell by 2.0% in November 2014 year-on-year, the largest declines since August 2002 when prices also fell by 2.0%. prices in food stores showed their largest fall since June 2002, decreasing by 1.0%.
Month-on-month the quantity bought increased by 1.6% in November. Growth was seen all main store types for the first time since December 2013. Meanwhile, Average store prices fell by 2.0% in November 2014 year-on-year, the largest declines since August 2002 when prices also fell by 2.0%. prices in food stores showed their largest fall since June 2002, decreasing by 1.0%.