Retail sales in Great Britain rebounded in January following a slump in December, suggesting the economy picked up some momentum after a weak end to 2023.
Sales volumes jumped by 3.4 per cent in January, following a revised fall of 3.3 per cent in December 2023, according to figures from the Office for National Statistics.
It was the biggest monthly leap since April 2021, the ONS said, taking volumes back to the level of November 2023.
January’s increase, which was driven by food stores, exceeded the 1.5 per cent month-on-month rise forecast by economists polled by Reuters.