Economics
U.K.’s Black Friday Stokes Retail Sales as Consumers Splurge
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U.K. retail sales rose more than economists forecast in November as the Black Friday spending spree boosted purchases of electrical appliances and household goods.
Sales by volume including auto fuel increased 1.6 percent, the most this year, the Office for National Statistics said in London today. Economists forecast a 0.4 percent gain, according to the median estimate in a Bloomberg News survey. From a year earlier, sales jumped 6.4 percent, the most in a decade, with electrical appliances surging a record 32 percent.