UK retail sales jump in November, higher than expectation

FXStreet (Mumbai) - Retail sales month on month increased 1.7 per cent in November beating estimates and higher than the -0.6 per cent decline in October. Year-on-year, it increased by 5.0% compared with November 2014, increasing for the 31st consecutive month in November 2015.

Average store fell by 3.3% in November 2015 compared with November 2014, marking the 17th consecutive month of year-on-year price falls; while the amount spent in the retail industry increased by 1.4% in November 2015 compared with November 2014.

The value of online sales increased by 12.7% in November 2015 compared with November 2014 and by 4.9% compared with October 2015.