Thursday, December 14, 2006

Forex News: 14.12.2006 Retail sales in the UK are above expectations

Though the analysts expected retail sales in November to drop by -0.1% in a month, the index rose unexpectedly a second month and was +0.3% in a month and +3.2% in a year.

In October, the index of retail sales was 1.0% in a month (revised from 0.9%) and +3.9% in a year, the maximum since November 2005, reflecting decreasing prices for goods and petrol and retail sales growth in all sectors, except food.

The index of retail sales is subject to seasonal fluctuations and in November, it reflected higher consumer demand connected with Christmas, as well as unemployment decline.


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