Colin | Feb 20, 2018 | 0
UK Retail Sales Much Lower Than Expected In January
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As reported in the FT UK retail sales in January were much lower than expected.
According to a Poll by Thompson Reuters retail sales only grey by 0.1%, far below the predicted 0.5% growth predicted by analysts.
The ONS noted that the figures were affected by an apparent urge among Brits to get fit. “Sporting equipment sales have grown more than usual in January 2018, following an increased uptake for gym wear,” said Rhian Murphy at the stats office. Sales of sports equipment, toys and games rose by nearly 11 per cent on the year, while food sales fell.