Bumper sales for United Kingdom retailers in November: ONS
14 December, 2017, 18:09 | Author: Sheri Evans
Black Friday gave United Kingdom retailers a stronger-than-expected boost last month as discounts spurred Britons to snap up electrical appliances and other household products.
"The surge in retail sales in November does not signal broader consumer strength".
However, there was unexpected cheer from the country's retailers in data for November released by the Office of National Statistics that showed sales volumes increased 1.6% compared to the same period one year ago, which beat all forecasts by economists.
November's seeming strength has merely been a reflection of consumer bringing forward purchases they otherwise would have made in December or January to November, due to the discounts available on Black Friday, Pantheon said.
The data is likely to appease Central Bank of England, which for the first time raised interest rates over more than a decade last month.
Kallum Pickering, an economist with Berenberg Bank, said the figures added to signs from factories that Britain's economy was picking up a bit of speed in late 2017 and he expected that momentum to continue into 2018.
"Household goods stores had a good November, with a number of businesses saying that Black Friday promotions boosted sales".
The data are adjusted seasonally, but the statistics agency said might not completely strip out the Black Friday effect, as the promotion period, a phenomenon that is relatively recent borrowed from the USA, has increased significantly in Britain over the past few years.
The 1.1% growth in November was the strongest monthly figure since April.
During the last three months overall, which smooths volatility compared to just one month, the picture is not good.
In addition, the research found that food continued to be the smallest contribution to growth in internet sales, contributing only 0.7 percentage points.
When the United Kingdom central bank raised interest rates in early November, the regulator predicted that household consumption growth would slow to 1% next year.
Total average store prices increased by 3.1 per cent in November 2017 when compared with the same period a year ago.
But home furnishings company Carpetright CPRC.L cut forecasts after warning of fragile consumer confidence.
On a yearly basis, retail sales volume grew 1.6 percent after staying flat in October.
Freezing night in store as temperatures plummet as low as -8°
A YELLOW weather warning is still in place for the York area on Sunday - with very cold temperatures and the chance of snow. Lowest temperatures for Ulster tonight are expected to be between -2 to -6 degrees in light to moderate easterly winds.
The Nintendo Switch also attracts an on-the-go gaming base who might not always have time to sit at home on the couch and play. However, despite this early promise, Nintendo is still some way short of the runaway success of the Nintendo Wii.
This is something that - I'm speaking about the number of reports that have taken place over the last couple of weeks. About halfway through, though, Sanders appeared to lose her temper in a follow-up question asked by CNN's Jim Acosta.
Many countries continue to call for a two-state solution, with East Jerusalem as the capital of an independent Palestinian state. Across the Arab and Muslim worlds, thousands more protesters had gathered to express solidarity.
Hundley capped a six minute and ten second opening drive with a three-yard touchdown toss to a wide-open Jamaal Williams. Adams started the play on the outside of the formation, but ran toward the quarterback after the snap.
Here's everything you need to know to watch the game, or follow along as we bring you the latest score, live updates and more. DeAndre Hopkins had 149 yards receiving and two touchdowns, but lost a fumble in the fourth quarter with the Texans down by 7.
The NHL Board of Governors, meeting in Florida on Thursday, voted to accept an application for an expansion team in Seattle . The Seattle group includes Jerry Bruckheimer, a Hollywood producer, and David Bonderman, a private equity CEO.
In particular, they called out the 53 people who watched the holiday film every day for the 18 days leading up to December 10. So much so, that Netflix - who are notoriously cagey about their streaming data - chose to call out the superfans.
Chief John Odigie-Oyegun, national chairman of the APC said, "I also congratulate other newly-elected PDP National Officials". The statement reads: "Our great party, the People's Democratic Party is, again, at the threshold of an historical moment".
It took Olivier Giroud to save Arsenal's blushes in the 84th minute as he came off the bench to head home an equaliser. Arsenal midfielder Jack Wilshere has hailed Olivier Giroud as one of the best strikers in the Premier League .
Winter storm watch issued for Jefferson, Lewis counties
Weather conditions during this period will likely lead to snow-covered, slippery roads, especially in more rural areas. On the back side of the low, lake effect snow will set up, giving us additional snow for Wednesday and into Thursday.
LOOK UP: Geminid meteor shower to light up December sky
What really makes this meteor shower so attractive to witness is its comet-like orbit along with the presence of shooting stars. Just get aside from lights and stare up in any direction! And this year, they're predicted to yield about 120 meteors per hour.
Oklahoma's Baker Mayfield wins the Heisman Trophy
Jackson finished the 2017 regular season with 3,489 passing yards, 25 touchdowns, 1,443 rushing yards and 17 rushing touchdowns. Oklahoma's other Heisman recipients are Billy Vessels (1952), Steve Owens (1969), Billy Sims (1978), and Jason White (2003).