UK: Annual Retail Sales rise less than expected in October

FXstreet.com (Barcelona) - National Statistics informed on Thursday that year-over-year UK Retail Sales grew 1.8% in October, compared with the 2% increase in September and below forecasts of +3.1%.

On a monthly basis Retail Sales fell 0.7% in October, after growing 0.6% in September and against expectations of remaining flat.

Annual Retail Sales excluding Fuel increased 2.3%, down from the 2.5% rise and below market consensus of 3.1% growth. Month-over-month Retail Sales excluding Fuel dropped 0.6%, following a 0.8% increase and below expectations of -0.2%.