UK retail turnover rebounded unexpectedly in January driven by sales promotions, official data showed on Friday.
Despite higher inflation, retail sales grew 0.5 percent on a monthly basis in January, in contrast to the 1.2 percent decline in December and -0.6 percent in November, data from the Office for National Statistics revealed. Sales were expected to drop 0.3 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.