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UK Retail Sales Rise by 0.1% in January

Published 16/02/2018, 09:30
© Reuters.  UK retail sales rise 0.1% in January vs. forecast for 0.5%

Investing.com - UK retail sales rose 0.1% in January the Office for National Statistics said on Friday.

This was compared to a decline of 1.4% in the previous month, revised from a 1.5% decrease.

Economists had forecast a reading of a 0.5% advance.

Year-on-year, retail sales rose by 1.6% last month.

Analysts had penciled in a 2.6% gain.

Sales in December had advanced 1.5% from the year before, which was a slight upward revision from the initial 1.4% gain..

Core retail sales, which exclude automobile sales and fuel, increased by 0.1% in January.

Economists had expected a 0.6% rise.

December’s reading was revised to a decline of 1.5% from the prior 1.6% drop.

Year-on-year, core retail sales gained 1.5% in January, compared to expectations for a 2.5% increase.

A month earlier, they registered a 1.3% advance.

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