Despite the rising cost of living, UK retail sales rebounded in October from the previous month when sales were reduced by the additional bank holiday, data from the Office for National Statistics showed Friday.
Retail sales volumes advanced 0.6 percent on a monthly basis in October, faster than the expected growth of 0.3 percent.
The monthly growth reversed the revised 1.5 percent decrease in September, which was affected by the bank holiday for the State Funeral.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.