A spate of pre-Christmas promotions drove an unexpected rise in retail sales last month, official figures revealed here Thursday.Retail volumes in October grew 0.6 percent compared with the previous month, the Office for National Statistics (ONS) said, defying expectations of a 0.2 percent fall.The better than expected performance came as retailers put on promotions to drum up trade before Christmas and as consumers bought winter clothes.Sales volumes had been expected to fall because it was thought the warmer weather would have put people off buying winter clothes, analysts said.The ONS said the food sector had seen a boost in October.Sales volumes in small stores rose 5.3% year-on-year - the biggest increase since November 2004.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor