April 22, 2024

UK Retail Sales Rise Most Since 2021 as Economy Stabilizes

UK retail sales posted the biggest monthly rise in almost three years, adding to hopes that the economy has turned a corner after slipping into recession last year.

The volume of goods sold in stores and online gained 3.4% in January, the most since April 2021 when the economy was emerging from lockdown, the Office for National Statistics said on Friday. Excluding the pandemic, it was the biggest increase in records going back to 1996. Economists had predicted a 1.5% rise.

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