UK retail sales positively exceed expectations

Data from the Office for National Statistics in Britain revealed that retail sales grew more than market expectations and recorded a positive reading for the second time in a row, as the retail sales index recorded a growth of 1.4%, compared to market expectations of a growth of about 0.8% only, and the British retail sales index recorded An increase of 0.8% also by the end of last November, and it was revised upwards to 1.1% during the same period.

It is reported that the retail sales index measures the change in the total value of inflation-adjusted sales at the retail level, and this index is a measure of the value of goods sold by retailers based on a sample of retail stores of various types and sizes, and the data includes all sales made from through the Internet.