UK January retail sales +1.7% vs +0.3% m/m expected ...Middle East

Prior -0.3%; revised to -0.6%Retail sales +1.0% vs +0.6% y/y expectedPrior +3.6%; revised to +2.8%Retail sales ex autos, fuel +2.1% vs +0.9% m/m expectedPrior -0.6%; revised to -0.9%Retail sales ex autos, fuel +1.2% vs +0.5% y/y expectedPrior +2.9%; revised to +2.1%

Non-store retailers' sales volumes also increased modestly with retailers in this sector noting that post-Christmas sales are remaining strong. Besides that, all other sectors reported declines on the month with department stores' sales coming in flat.

As a whole, UK retail sales volumes are still down 1.3% compared with the pre-pandemic level of February 2020.

This article was written by Justin Low at www.forexlive.com.

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