UK retail sales up as shoppers return after bad weather

Thursday 27 March 2014 19.06
UK retail sales rose  by 1.7% in January - much higher than expected
UK retail sales rose by 1.7% in January - much higher than expected

UK retail sales staged a bigger than expected bounce-back last month as shoppers returned to the high street after a weather-hit January, according to official figures.

The Office for National Statistics said sales volumes rose 1.7% month on month in February, beating forecasts for sales to edge 0.5% higher.

It comes after a disappointing January, with the ONS revealing that sales fell even more than first thought, down by 2% against an initial estimate for a 1.5% decline.

Even stripping out the often volatile changes from month to month, sales were 1.6% higher in the three months to the end of February compared with the previous three-month period - the highest since August last year.

Experts said the figures boosted hopes for another robust performance from the economy in the first quarter, easing fears that the extreme wet weather and flooding knocked the recovery off track.