Economic Buzz: UK Retail Sales Growth Surges

Economic Buzz: UK Retail Sales Growth Surges

Nov 25, 2021 05:11 IST capital market

UK retailers reported an increase in sales growth in November as clothing and department stores saw a big surge in sales volume, the Distributive Trades Survey results from the Confederation of British Industry showed on Thursday. The retail sales balance rose to 39 percent in November from 30 percent in October. A net 56% expects sales to pick up in December. The order book balance fell to 30 percent from 48% in the previous month. A net 45% expects orders to rise next month.

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