UK retail sales surged in January, seeing an uplift of 1.8% month-on-month. The initial forecast was telling us a different story, with expectations of a decline down to 0.2% from December’s low of 0.4%.
Main contribution to the lift for retail sales were coming from the online sector, seeing strong performances. Even if consumer confidence seemed to be higher for January, leading to more spending expectations for 2026 is still weak on the front of an expansion for consumer spending growth.
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