Surprise Boost For Shops As Retail Sales Growth Exceeds Expectations | Money Newsnews24 | News 24
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Surprise boost for shops as retail sales growth exceeds expectations | Money Newsnews24

Shops were given a surprisingly big boost in January as official figures showed retail sales rose by 1.7%.

Only a 0.3% rise had been forecast by economists polled by Reuters.

It follows a fall of 0.6% in the key shopping month of December, recorded by the Office for National Statistics (ONS).

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Retail sales figures are significant as they measure household consumption, the largest expenditure across the UK economy.

Growing retail sales can mean economic growth, which the government has repeatedly said is its top priority.

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