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UK retail sales increase in October Tuesday, 30th October 2012
UK retail sales increased to a larger extent than was originally forecast in October, according to a survey by the Confederation of British Industry.
The CBI distributive trades survey’s balance rose to +30 from +6 in September, with analysts originally forecasting a jump of +7.
The expected sales balance for November is +27.
According to the CBI, the sales rise was driven by increases in the sales of clothing and furniture.