U.K. Retail Sales Unexpectedly Rise as Stores Cut Prices

U.K. retail sales unexpectedly rose in October as shops offered discounts to lure consumers whose confidence has been undermined by inflation and rising unemployment.

Sales including fuel rose 0.6 percent from September, the most since June, the Office for National Statistics said today in London. The median forecast of 25 economists in a Bloomberg survey was for a 0.2 percent decline. On the year, sales were up