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News - 27 March 2014
|Shopping with gay abandon|
Consumers return to splurge
Figures from the Office for National Statistics show that retail sales volumes rose by 1.7% in February, after a 2% fall in the post-Christmas slump experienced in January.
This makes sales in February 3.7% higher than the same month in 2013. Most commentators had expected a slight improvement but only by 0.5% in February and 2.5% on the year.
The figures come hot on the heels of the latest inflation report showing a fall to 1.7%; the lowest level for five years.
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