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High Street sales staying strong | |
(10 minutes later) | |
UK retail sales have remained steady during November, despite concerns that consumers would rein in their spending, official figures have shown. | |
Retail sales rose by 1.1% in the three months to the end of November, from 1.3% in three months to October, the Office for National Statistics said. | |
The growth came predominantly from food stores and growth in a category that includes online retailers, it said. | |
Analysts were concerned that higher interest rates would hurt spending. | |
However, many retailers have been cutting prices to lure shoppers. | |
According to the figures from the Office for National Statistics (ONS), average prices for the whole retail sector in November were 1.3% below their level at this time last year. | |
On a monthly basis, retail sales climbed by 0.4% in November, pushing the annual rate of growth to 4.4%, the ONS said. | |
The category of "non-store retailing and repair", which includes online retailers, grew 5.9% compared with the same month last year. |