British retail sales expect 1 % to rise in February

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British retail sales increased unexpectedly by 1 percent in February, and were paid due to an increase in stores as well as clothes and home commodity stores.

Friday’s monthly data from the National Statistics Office showed that the volume of goods purchased exceeded 0.4 per cent expected by Reuters economists.

However, the number is less than January 1.4 percent.

Retail sales It increased by 0.3 percent in the three months to February compared to the previous three months, indicating flexible spending despite the background of weak economic growth and low consumer confidence.

Supermarket sales sizes fell after a strong rise in January.

Separate data confirmed on Friday that British economy The year 2024 ended with a growth of only 0.1 percent in the fourth quarter, highlighting the challenge facing the government of work on its covenants to stimulate the economy.

The revised official figures showed that throughout the year, the UK economy grew by 1.1 percent, a little more than the initial estimate of 0.9 percent. Then the growth of 0.4 per cent follows in 2023.

Chancellor Rachel Reeves has pledged to start stronger growth by alleviating the organization, repairing planning rules and supporting large projects, including a new runway at Heathrow Airport in London.

But the economy is struggling to gain momentum, as the budget responsibility office this week reduced growth forecast for 2025 to 1 percent only.

Friday data showed that the real GDP of each head decreased by 0.1 percent in the fourth quarter – in line with the previous appreciation – and it was flat throughout the year.

This is a developing story