Thread: The Chronicles of Rishi
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Old 16-02-2024, 09:41   #1542
1andrew1
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Re: The Chronicles of Rishi
On a day of very bad news for Sunak a slither of good news for him.
Quote:
Surprise surge in retail sales suggests economy is growing - despite UK entering recession

January had the largest recovery in retail sales since April 2021 as people bought more across all sectors, except clothing.

The 3.4% increase in retail sales is more than double the 1.5% rise forecast by analysts - and suggests the economy is recovering.

Not since April 2021 has there been a rise as large as the recovery from December to January.

The January bump in retail sales more than compensates for a shock fall in the key Christmas shopping month of December, where a 3.3% fall was recorded, after the number was revised downwards by the Office for National Statistics on Friday.
https://news.sky.com/story/surprise-...ssion-13072731
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