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.
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