British retail sales jump as online jewellery firms offer surprise Christmas sparkle
AI Summary
UK retail sales unexpectedly rose by 0.4% in December, according to the Office for National Statistics, defying economists' predictions of a decline. The increase was primarily driven by strong online sales, particularly from internet jewellers experiencing higher demand for gold and silver. While overall sales for the "golden quarter" (October-December) saw a slight decrease, December's boost suggests growing consumer confidence, supported by a GfK survey showing increased optimism about personal finances. Despite the December surge, non-food stores experienced a decline, and popular Christmas items saw reduced sales. Overall in 2025, retail sales increased by 1.3% after large falls in 2022 and 2023.
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