Official High Street figures show a rise in retail sales for the month of October, and analysts are positive the run-up to Christmas this year will be one of healthy trading. The strong result showed sales increased by 0.9%, 0.3% higher than expected. Clothes stores had a strong month, up nearly 2% and even household goods stores, who have been struggling for months, saw strong sales gains. The internet and mail order jumped 2.5%.

Retailers have been worried that the August and November interest rate rises could be enough to persuade people to have a frugal festive season this year. As with last year, shops have been careful not to over-order on goods, reducing the chances that they will have to dump stock after Christmas in costly discount deals.

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