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UK RETAIL SALES SURGE UP 6.9% IN NOVEMBER

Mike BirdDec 18, 2014, 15:03 IST

UK retail sales exploded in November, up 1.6% from October, while analysts expected just a 0.3% bump.

Sales are up by an astonishing 6.4% year-on-year. That's the strongest increase since 2004.

Analysts were expecting retail sales to rise about 4.4% in November, which is typically a month when Christmas shopping gets underway.

Sales had risen 4.6% on the year in October.