UK retail sales rebounded at a faster than expected pace in January as the disruption caused by the Omicron variant faded, the Office for National Statistics said on Friday.
Retail sales volume grew 1.9 percent month-on-month, the fastest growth since April 2021 and also bigger than the expected rate of 1.0 percent.
The monthly growth followed a revised 4 percent decline in December, when earlier Christmas trading than normal in October and November, and reduced retail footfall in December, linked to concerns around the Omicron variant of coronavirus, affected sales.
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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.