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UK retail sales topped expectations at the start of the year, numbers from the Office for National Statistics showed on Friday. Retail sales volumes surged by 1.7% in January from December, well-ahead of the FXStreet cited consensus of 0.3%. In December, retail sales had fallen 0.6%, the reading downwardly revised from 0.3%. The ONS said: ‘Food store sales volumes grew strongly in January 2025, following falls in recent months.’ On an annual basis, retail sales rose 1.0% last month, easing from a 2.8% rise in December. Growth of 0.6% was expected for January, so the latest reading topped consensus. The ONS added: ‘More broadly, sales volumes fell by 0.6% in the three months to January 2025, compared with the three months to October 2024, but rose by 1.4%, compared with the three months to January 2024.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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