First fall in UK annual retail sales since 2013 – business live

UK retail sales fell for the first time in October, year-on-year, since 2013, despite stronger-than-expected growth over the monthUK retail sales rise 0.3% in October but fall 0.3% over the yearCarney: Bank of England will support UK through any Brexit shockEurozone inflation falls to 1.4% in October from 1.5% in SeptemberUS jobless claims rise unexpectedly 2.02pm GMT The Bank of England’s Future Forum is set to begin shortly, details here and follow it live here.The Bank describes it thus: “We will discuss what we have been doing to make the economy and our work more accessible to all. We will showcase initiatives like our new education programme, our revamped major publications and our new website. For this session we will partner with Economy and Rethinking Economics, who are at the forefront of the campaign to make economics open, relevant and accessible. And we’ll be asking for full and frank feedback on what we’ve done so far and what we might do in future.” 1.52pm GMT The number of Americans filing for unemployment benefits rose unexpectedly last week, partly because authorities are still clearing backlog of claims in Puerto Rico following the disruption caused by hurricanes.New claims increased by 10,000 to a seasonally adjusted 249,000 in the week ending 11 November, the US Labor Department said.US jobless claims rose to a six-week high (249k), a move that may partly owe to volatility around the Veterans Day holiday pic.twitter.com/kNl99aBJ4S Continue reading…
Via: First fall in UK annual retail sales since 2013 – business live