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.
Excluding auto fuel, retail sales expanded 0.4 percent, reversing December's 1.4 percent decrease and economists' forecast of nil growth.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.