Retail in Britain posts strong gains for December

Jan. 17, 2014 at 9:22 AM   |   0 comments

LONDON, Jan. 17 (UPI) -- Retail sales in Britain posted strong gains in December from a year earlier, the Office for National Statistics said Friday.

ONS said retail volumes rose 5.3 percent from December 2012. Economists had expected a gain of 2.6 percent.

"All store types saw an increase in the quantity bought, but perhaps most notable is the record month-on-month increase in the quantity bought at department stores of 8.7 percent," ONS said.

With average weekly spending in December at $14.4 billion, retail receipts for December rose 6.1 percent from December 2012 and 2.6 percent over November 2013.

In 2012, weekly receipts in December averaged $13.9 billion. In November 2013, average weekly sales receipts were $12.3 billion per week.

For the year, retail volumes were 1.6 percent higher than 2012, the data office said.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Trending News
Join the conversation
x
Feedback