UK Retail Sales Rose Unexpectedly Over Christmas

U.K. retail sales unexpectedly picked up in December, providing a boost for the economy over the key holiday period.

Retail sales volumes were 0.4% higher on month, after a 0.1% fall in November, the Office for National Statistics said Friday. This came in above a consensus of economists polled by The Wall Street Journal which had expected a fall of 0.1%.

"This rebound during a vital trading window offers a timely lift for retailers and sets a more positive tone for the year ahead," Phil Monkhouse at Ebury said.

Data released separately on Friday showed confidence among British...

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