UK retail sales rose significantly, with a year-over-year increase of 1.5%, more than doubling the previous month’s growth of 0.7%. This marks a substantial 0.8 percentage point rise, indicating stronger consumer demand.
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The actual retail sales figure of 1.5% far exceeded analyst estimates of 0.6%, suggesting a robust consumer sector. This unexpected strength is likely to boost retail and consumer goods stocks in the short term, as investors react to the positive sentiment. The significant deviation from estimates may also influence longer-term policy expectations, as it reflects underlying economic resilience.