UK retail sales rebounded in January as concerns about Omicron eased.
Retail sales volumes increased by 1.9% compared to the previous month, according to the statistical service. Economists expected retail sales to grow by 2%.
“After a sluggish December where the Omicron wave had a significant impact, retail sales recovered in January with the biggest monthly gain since stores opened last spring,” said Darren Morgan, ONS’s director of statistics.
Compared to the previous month, retail sales increased by 9.1%, while economists expected an increase of 10.2%.
In December, sales fell by 4.1%, with a revised downward rate. The Christmas season in the United Kingdom had high rates of coronavirus and strict rules of social distancing.
Source: Capital
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