Investing.com – Retail sales in the United Kingdom increased less-than-expected in November, official data showed on Thursday.
In a report, the U.K. Office for National Statistics said retail sales rose by a seasonally adjusted 0.3% in November, after rising by 0.7% in October, whose figure was revised up from 0.5%.
Analysts had expected retail sales to rise by 0.5% in November.
The report showed that year-on-year, retail sales rose by 1.8% in November, after rising by 1.7% in October. Analysts had expected year-on-year retail sales to rise by 1.4% in November.
According to the data, the largest increase in sales came in the textile, clothing and footwear stores.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD gaining 0.26% to hit 1.5585.
Meanwhile, European stock markets were up. The FTSE 100 rose 0.32%, the EURO STOXX 50 added 0.05%, France’s CAC 40 gained 0.26%, while Germany's DAX was up 0.10%.
In a report, the U.K. Office for National Statistics said retail sales rose by a seasonally adjusted 0.3% in November, after rising by 0.7% in October, whose figure was revised up from 0.5%.
Analysts had expected retail sales to rise by 0.5% in November.
The report showed that year-on-year, retail sales rose by 1.8% in November, after rising by 1.7% in October. Analysts had expected year-on-year retail sales to rise by 1.4% in November.
According to the data, the largest increase in sales came in the textile, clothing and footwear stores.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD gaining 0.26% to hit 1.5585.
Meanwhile, European stock markets were up. The FTSE 100 rose 0.32%, the EURO STOXX 50 added 0.05%, France’s CAC 40 gained 0.26%, while Germany's DAX was up 0.10%.