British Retail Sales Figures Exceeded Expectations
Retail Sales in Britain Rose by 2.6% in December
Original Article here
British Retail sales figures last December reached an all time high as they rose by 2.6%. Experts had estimated a mere 0.2% rise for the Christmas period .
The figure was estimated by Britain’s Office for National Statistics, after studying trading updates from large retail outlets such as Argos, Halfords, Primark and Next. Department stores sales volumes gew by 11.7% ( the highest year on year growth since January 2000). However when compared to December 2012 figure it was observed small stores did better, with the amount spent in them increasing by 8.1%, against 2.6% for larger stores.
British Shoppers spent £44.1 billion, or £8.8 billion a week, in December 2013, an increase from £42.6 billion, or £8.5 billion a week, in December 2012. These figure exceeded all expectations and gives retail stores hope for growth in 2014.