British retail sales rise in September: official data

20th October 2011, Comments 0 comments

British retail sales surprisingly rose by 0.6 percent in September from August, when they fell by more than expected, official data showed on Thursday.

Retail sales also jumped 0.6 percent last month compared with September 2010, the Office for National Statistics (ONS) said in a statement.

Economists had expected flat sales month-on-month and to have risen by 0.7 percent on an annual basis, according to a poll by Dow Jones Newswires.

The ONS added that sales fell by 0.4 percent in August from July after initially estimating a drop of 0.2 percent. Retail sales had fallen in August as rioting across England shut shops and high inflation hit shoppers' spending power.

© 2011 AFP

0 Comments To This Article