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U.K October Overall Retail Sales Up 5.9% On Year - BRC

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Retail sales in Great Britain rose for the second consecutive month in October, according to data released Tuesday by the British Retail Consortium.

The BRC said sales in stores open at least a year were up 3.8 percent compared to October 2008 while sales in all stores were up 5.9 percent.

The like-for-like and overall sales figures marked the highest growth since 2002, according to BRC Director General Stephen Robertson.

The increases topped economists forecasts.

BRC warned, however that rising joblessness and a scheduled increase in the sales tax in January could slow the retail sector's recovery.

(Market News Provided by RTTNews)

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