Black Friday Madness Just Gave Britain Its Strongest Retail Boom In A Decade

Black friday fightingREUTERS/Luke MacGregorShoppers fight over a TV on Black Friday, in late November.

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 mid-2004.

Analysts were expecting retail sales to rise about 4.4% in November compared to last year. Christmas shopping typically gets underway at around this time of year. 

Sales had risen 4.6% on the year in October. 

Black Friday hit the UK much harder than people had expected, and that had a massive effect. Spending on electrical goods rose 32% compared to November last year.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at