UK retail sales rose 1.2% mom, 5.8% yoy in October. Retail sales ex-fuel rose 1.3% mom, 7.8% yoy. ONS said: “We see sharp falls in sales at the start of the lockdown in March and April 2020, followed by strong growth to recovery in May and June 2020. A slower rate of growth is seen in the latest three months, with volume sales in October 2020 now 6.7% higher than February’s pre-lockdown levels.”
