UK October retail sales volumes rise 0.8%

Retail sales in October rose by 0

Retail sales in October rose by 0.8 per cent on a seasonally adjusted basis from a month earlier, higher than analysts' forecasts of a 0.4 per cent monthly rise, according to figures by National Statistics.

On a year-on-year basis, retail sales growth was 6 per cent - above analysts' expectations of a 5.0 per cent rise.

In the three months to October, sales rose an adjusted 1.6 per cent on the previous three months and were up 5.3 per cent from a year ago.

Based on non-seasonally adjusted data, the average weekly value of retail sales in October was £4.47 billion sterling, 5.1 per cent higher than in October 2001.

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In the three months to October, the value of sales in current prices was up 4.3 per cent compared with the same period a year ago.

AFP