Following a 0.2% enhance in month-to-month GDP for January, immediately’s (22 March) UK retail gross sales figures confirmed a flatlining in shopper items purchases final month, contrasting with economist expectations of a 0.4% decline.
In accordance with Robert Wooden, chief UK economist at Pantheon Macroeconomics, retail gross sales volumes are on monitor to rebound strongly within the first quarter, serving to the financial system to “go away final 12 months’s recession behind, as falling inflation boosts shopper spending energy”.
Retail gross sales beat expectations by holding regular in February
A big contributor to the technical recession s…
