Bulletin

Retail sales surge as shoppers bag pre-Christmas bargains

Retail sales surge as shoppers bag pre-Christmas bargains

Retail sales rose more strongly than expected in November figures from the ONS show, with the amount spent across the retail industry increasing by 1.7% on the month and 5% on the year. This contrasted with predictions of lacklustre sales by industry surveys and indicates a rise in discretionary spending by British consumers who have benefited from rising wages and falling prices. Average store prices fell by 3.3% last month compared with November 2014 in what was the 17th consecutive month of year-on-year falls. Online sales rose by 12.7% this November compared with November 2014 and by 4.9% compared with October 2015.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Cardiff-based Forward Waste Management

Money will support the company, which serves the manufacturing sector, with Welsh and West Midland growth plans.

Bulletin

Where Next?