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UK retail sales - longest sustained growth since 2007.

FXStreet (London) - Retail sales data released by the UK Office for National Statistics showed a continuing sustained period of year-on-year growth. In October 2014, the quantity bought in the retail industry increased by 4.3 period compared with October 2013, this is the nineteenth period of consecutive year-on-year growth.

Retail sales exceeded consensus expectations of a 3.8 percent rise.

According to the ONS, on the month the quantity bought increased by 0.8 percent compared with September 2014. There was growth in all sectors, except non-store retailing. Clothing stores showed growth of 0.5 percent, however, as growth in this store type fell by 5.9% in September the rise does not cancel out the fall seen last month.

The statistics office also reported that three-month on three-month movement in the quantity bought showed continued growth for the twentieth consecutive month increasing by 0.4 percent. This was the longest period of sustained growth since November 2007 when there were 25 periods of consecutive growth.

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